“Inflation is always a monetary phenomenon that occurs by a rapid increase in the quantity of money.” —Milton Friedman (Nobel Prize Recipient) Inflation averaged 3.2% since 1914; today it sits anchored at .2%. There have been episodes of high inflation rates over the past half-century stemming from excess liquidity. Money supply growth (blue line) hasread more A $10 Trillion Rescue Package: Will it Ignite Inflation?
-4.9% Global GDP 2020 Forecast
The coronavirus has brought illness, death, unemployment, hardship, uncertainty, and a widespread recession. According to the IMF’s World Economic Outlook, global economic production of all goods and services is forecast to decline by 4.9% in 2020, gutting production by a whopping $4 trillion. For comparison, the size of this downturn is greater than Germany’s totalread more -4.9% Global GDP 2020 Forecast