/biz/ - Business & Finance

>>17556716
Asset bubble is proof that things inflated. Cost of living has too.
Nobody else mentioned well in theory "production" is supposed to go up at the gone up at the same time to dampen the inflation, but production hasn't gone up 200%...

>>17557842
I'm not in stocks but I think there is room for one last pump.
One more pump to end all pumps - we get a roaring 20s situation and then the 30s is the greatest depression.
There is NO suitable alternative for a global world currency. The euro was the only one that didn't depreciate too much against USD during the crisis - so those two are still predominately the world currency.
That is still being determined. If it's regulator driven it'll probably be some global SDR.
Maybe in the future - millennials will transact in crypto/bitcoin/stablecoins when all the boomers die off. If the shift is coming sooner - maybe old people will transact with precious metals with some sort of way to facilitate it like some paper gold version of currency. Until that happens USD is king and will not fail.

>>17267042
>even boomers and huge money investors have to look to crypto and PMs, or hell even Forex?
Never. they'll die off before the change of the world reserve currency. so still a good 20 to 30 years.
Maybe by then there'll be some IMF digital basket of currencies competing with bitcoin. Right now btc is probably at less than 1% worldwide adoption, when it follows the S curve and hits 10% that's when you know it's probably sustainable and a contender.
The key point is the middle thing. What's the suitable alternative right now? 2008/09 people fled to the Euro and USD. I remember, my CAD devalued like crazy at that point.