With the evidence you provided to this court .... this court rules in your favor!Average annual inflation in USA:
1800-1900 -0.4%
1900-1915 1.24%
1916-1920 16.39%
1921-1940 -1.29%
1941- 1951 5.87%
1952-1967 1.85%
1968- 1982 7.56%
1983- 2008 3.13%
2009- 2020 1.72%
2021-2023 6.04%
Inflation has been all over the map. And even more so in other countries.
https://www.in2013dollars.com/us/inflat ... amount=100
Do any of you feel confident enough to have even a vague idea of what inflation will be like between now and 2040, or 2050, or 2060, or when we may again see double-digit inflation for a few years in a row that could quickly erode your nominal fixed income portfolio?
I certainly don't. I wouldn't even want to wild guess. For those unfamiliar with chaos/complexity theory, it seemed sort of predictable while bond yields were plummeting from record highs to record lows since the mid-80s until 2022. That's a huge chunk of most of our investment lifespan. Lucky us.
The economy, like all complex nonlinear systems, is a history of perforated equilibria....things just chug along like clockwork, until they don't.
Statistics: Posted by yankees60 — Wed Jan 15, 2025 5:31 pm