Thanks! That's a pretty interesting take, especially the aspect of foreign stock markets and foreign currencies.
I did not mean to imply that I think that the stock market would crash due to inflation, that is to say I do not think stock prices would go down at all under those circumstances. To the contrary, I believe they would go up in price along with other things as the purchasing power of currency diminishes. This is especially so if the inflation is predictable.
So in my view, bread would go up in price, gas would go up in price, houses would go up in price, and so would ownership in publicly traded corporations.
Thanks! That's a pretty interesting take, especially the aspect of foreign stock markets and foreign currencies.
I did not mean to imply that I think that the stock market would crash due to inflation, that is to say I do not think stock prices would go down at all under those circumstances. To the contrary, I believe they would go up in price along with other things as the purchasing power of currency diminishes. This is especially so if the inflation is predictable.
So in my view, bread would go up in price, gas would go up in price, houses would go up in price, and so would ownership in publicly traded corporations.