Fiat Fudder

Post-WWII, baby boomers drove inflation with massive demand for goods. Today, retiring boomers strain social security, fueling a looming debt crisis. Meanwhile, emerging technologies (AI, automation, cryptocurrency) could lead to deflation by increasing production and reducing labor costs. This collision of demographics, inflation, and technology will reshape the US economy, threatening a debt crisis and challenging traditional economic assumptions.

The Executive Mr. Trump & the Chairman Powell will engage in a tug of war over the power of monetary policy.

In one of my more recent articles entitled Myopic Hindsight, I challenged the notion that the US had or would enter a recession even in the presence of the very bad numbers that are looming over the US Economy. Now I have returned to create a better picture of what I feel may be ailing the US & the global economy more broadly.