Chart of the day courtesy of Pragmatic Capitalist
The money multiplier appears to be ticking higher in recent months. Could this be a sign that inflation is beginning to gain some traction? Are the billions in global stimulus finally starting to make their way into the economy? And more importantly, is Marc Faber correct that hyperinflation is an impending time bomb? Although no longer a deflationista, I’d have to see more evidence to be really concerned about inflation, but for now some hedges certainly don’t look like a bad idea….
