I agree with the first part︇ of your post but I’m mixed regarding the second one.
The inflation burden is not︈ solely originating from decades-long low interest environment but also from supply chain, and the bottlenecks︉ are easing to a certain extent now. Either way what’s the limit for money creation?︊ Why should there be a limit to print money? This can keep going for centuries.︋
We do forecast a potential decade long stagflation period with moderate to high inflation paired︌ with low economic growth but at the end of the day there is still a︍ lot of room for prices to go higher over the long run, including bullish periods︎ and crashes.
More and more people invest into ETFs, bringing market valuations to all time️ high levels. As long as individuals and instituons invest in global stock markets it will keep going up. Developed and emerging countries get increasingly access to brokers / banks and capable of investing internationally.
The global population keeps on increasing year after year. There is a shortage of housing in the US and especially Europe. We are still far from seeing a real estate market crash (in Europe at least) as people can take a higher percentage of debt versus income, take 30 year old mortgages instead of 20 (in HK the average is 35 to 40…!) so as you can see there is a︀ lot of leeway ahead still.
Capitalism is here to stay
The inflation burden is not︈ solely originating from decades-long low interest environment but also from supply chain, and the bottlenecks︉ are easing to a certain extent now. Either way what’s the limit for money creation?︊ Why should there be a limit to print money? This can keep going for centuries.︋
We do forecast a potential decade long stagflation period with moderate to high inflation paired︌ with low economic growth but at the end of the day there is still a︍ lot of room for prices to go higher over the long run, including bullish periods︎ and crashes.
More and more people invest into ETFs, bringing market valuations to all time️ high levels. As long as individuals and instituons invest in global stock markets it will keep going up. Developed and emerging countries get increasingly access to brokers / banks and capable of investing internationally.
The global population keeps on increasing year after year. There is a shortage of housing in the US and especially Europe. We are still far from seeing a real estate market crash (in Europe at least) as people can take a higher percentage of debt versus income, take 30 year old mortgages instead of 20 (in HK the average is 35 to 40…!) so as you can see there is a︀ lot of leeway ahead still.
Capitalism is here to stay