The Big Banks are now talking about Hyperinflation now regularly in their updates with clients. This appears to be happening in spite of the effort by Fed and Treasury officials to be downplaying the inflation numbers. In recent days/weeks we have even heard Janet Yellen and Jay Powell denying the possibility of “hyperinflation”. All we need is one more denial for it to be official.
Bank of America and Deutsche Bank are using those words, despite these repeated denials by the Fed. These discussions are becoming common on earnings conference calls from CEOs. They are planning for it in their budgets and expectations.
Dave Kranzler and James Anderson join us to explain what is happening.
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