A COLOSSAL MISTAKE

Why the market got it wrong in 2008, and is now making the opposite error

I would like you to remember back to 2008 when Bernanke cut rates to zero and instituted quantitative easing.

Remember all the worries about “hyper-inflation?”

In trying to find an article that captured the zeitgeist of the moment, I stumbled on this John Williams June 2008 article titled, “Hyper Inflation Special Report”: