Originally Posted by
alokdhir
Big swings in moods of people is making everything swing ...after lockdowns ...people went crazy spending money ...now its going other way round ...IMHO this new pessimism is going to make the big fears of INFLATION go away sooner then many thinking . Rates will not rise so much ...they dont need to ...people dont have money and security of mind to keep spending .
Already retail is getting hammered as masses have closed their wallets ...Euphoria is over ...now the pendulum will swing other side
Dont write off markets and productive assets ...its not doom and gloom ahead ...Surprise surprise will happen when most realise inflation will be easy to tame when people dont have money and confidence to chase prices up
Consumerism which led to inflation will vanish with this bust of confidence and vanishing money from wallets