Investors should watch M2 money stock, which the Fed updates every Thursday. This will tell them if history repeats the 1974 experience or if the Fed is determined to push stock prices up.
Hyperinflation devastated Germany between 1921 and 1923. At the height of the crisis in October 1923, monthly inflation was 29,500%. That’s an average daily rate of inflation of 20.9% with prices more than doubling every four days.
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