15-20 YEARS OF DEFLATION?

That’s what renowned economist Dr. Lacy Hunt is calling for.

• The US is in a period of debt deflation that may take up to 15 to 20 years to normalise
• The S&P is at risk of some ‘false dawns’
• There will be a major shift in US consumer behaviour as savings start to rise and people live more within their means
• He describes the US stimulus in its current form as a grab bag of political promises and says it may be doing even more damage
• Diversified equity portfolio models may not work in the debt deflation environment

Read the full article here.

*Thanks to reader DF

About Post Author

Cullen Roche

Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds. Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances. He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.

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