[rb22982]

For retirees largely in fixed income, deflation is good. For the rest, the economic impact of deflation is very bad. 0-2% inflation is ideal overall. Personally, I see the fed cutting rates next year but continuing QT unless deflation risk really accelerates.

[cgbg]

“For retirees largely in fixed income, deflation is good.”

Yup—you got it.

Let us deflate our way back to 2020—then we can talk....