Americans Have TOO MUCH Money, Top Investor Says

Inflation

At a glance

  •  Bill Smead, chief investment officer at Smead Capital Management, says there are an estimated 92 million millennials, primarily in the 27- to 42-year-old age bracket.
  • “The last time we saw what we call ‘wolverine inflation’ — which is inflation that is hard for policymakers to stop — was when 75 million baby boomers had replaced 44 million silent generation people in the 1970s.”
  • “See, what everyone is not including in the conversation is what really causes inflation, which is too many people with too much money chasing too few goods.”

 

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