Consumer Sentiment Drop Exposes Fed Cannot Taper
The Fed can never taper. Coming off the back of some of the largest economic stimulus in history, US Consumer Sentiment just had its 3rd largest drop on record. With sentiment plummeting, fears of the specter of deflation are front and center in policy makers' minds. Things like this are what will force the economy into either a deflationary death spiral or a hyperinflationary collapse.
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#deflation #inflation #stimulus
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