### Comment:
Hence the huge focus on the short term rates. If there is ever inflationary pressure, then everything gets fucked. The chain reaction of popping the credit bubble would not be pretty. 
  
 In my view, the weaponization of trade and the scale down of globalization could be that inflationary pressure.

### REPLY:
Agreed, things will get hairy real fast if we face 1970s style stagflation. I think it's a real possibility. Gold will probably be the best investment over the next 5-10 years; it's now 80% of my brokerage+retirement accounts.

### END.