Originally Posted by
SonicFlyer
LOL yeah that ship has sailed... serious inflation is here and has been for a while now... the only question is whether it jumps into hyperinflation.
Time will tell.
https://www.marketwatch.com/story/u-...ws-11620823628
Realistically though, it would be difficult to believe that this will be a Weimar Republic style hyperinflation. But if you have to refinance a billion dollar bond tranche for 5-6% coupon that you originally had financed at 2.5%, that’s another $25-30 million a year you need to make just to break even. Multiply that by a total debt of $30-40 Billion and - if the rates stay up that long - it eventually starts to be some serious coin...