hi doma,
yours was 2009, 10, 11, 12 and 13.
sometimes, goalposts stop moving.
your hyperinflation didn't happen because the pressure was in the direction of deflation. five years of being wrong doesn't disappear because of anything that happens in year 6.
higher inflation will be a sign of the economy overheating in a recovery phase. at which point the feds will remove the punch bowl as usual.
unfortunately for savers like d&o, there is going to be pressure for some time for folks to invest and absorb risk rather than expect debt to pay much interest.
the problem is that all that pre-crash debt was sitting atop rotten assets. it kinda pays an income which reflects that fact. in effect, its value was marked down.
the problem with the economy isn't what is going on now. it is what was going on then. bankers thought they had the formula to negate the risk of poor quality mortgages. they were wrong. this is the price of it.
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