Doug Casey - Greater Depression - Inflation OR Deflation

 

Doug Casey’s Take: Inflation OR Deflation? How to Prepare…

Doug Casey’s Take, Released on 11/18/20

In today’s episode, we tackle an esoteric topic but one that has the most real world impact on your life today than just about anything else – inflation vs. deflation.

Doug lays out the differences, what causes them and what is likely to happen as the Greater Depression kicks into high gear.

Doug Casey


The U.S. unemployment rate jumped to 14.7 percent in April, the highest level since the Great Depression, as many businesses shut down or severely curtailed operations to try to limit the spread of the deadly coronavirus.

The Labor Department said 20.5 million people abruptly lost their jobs, wiping out a decade of employment gains in a single month. The speed and magnitude of the loss defies comparison. It is roughly double what the nation experienced during the entire financial crisis from 2007 to 2009.

The coronavirus economy is exposing how easy it is to fall from the middle class into poverty

As the virus’s rapid spread accelerated in March, President Trump and a number of state and local leaders put forth restrictions that led businesses to suddenly shut down and shed millions of workers. Many businesses and households also canceled all travel plans. Analysts warn it could take years to return to the 3.5 percent unemployment rate the nation recorded in February, in part because it is unclear what the post-pandemic economy will look like, even if scientists make progress on a vaccine.

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