I find it hard to believe that the inflation rate across the western world is 2-3%, based on my personal experience (ausfag) of buying stuff. 5-7% per year would seem more realistically.
Does /biz/ think this is true?
If so how long do you think It will be until regular people start to feel like the stats are false, and that they're actually getting poorer? It would make quantitative easing and moving away from the gold standard seem like disasters.
1. What sort of investments does this justify? If prices are increasing this quickly leaving money in a bank or any low-return investments is just loosing money. Given that it's hard to find a company growing this quickly without an extreme risk profile (any suggestions?), what assets would /bi/z recommend to avoid loosing money?
Real estate? How do you invest if you don't have a spare million? I'd think antiques and jewelry or paintings would be good, as it's hard to quickly make more of them. It would be a time intensive investment just to be sure you're buying a good piece?
2. Does this mean cryptos are a good investment? If people being to loose faith in a fiat do you think the masses would move to crypto, or something like gold or foreign currency?
Official stats:
http://www.shadowstats.com/alternate_data/inflation-charts
Alternative stats:
https://tradingeconomics.com/united-states/inflation-cpi