Egon von Greyerz: Inflation, Stagflation, Hyperinflation & Deflation — All at the Same Time

[youtube=https://www.youtube.com/watch?v=r46x1-XuMqc]

• Egon von Greyerz: Inflation, Stagflation, Hyperinflation & Deflation — All at the Same Time
  by Greg Hunter’s USAWatchdog.com (Early Sunday Release)
  Financial expert Egon von Greyerz (EvG) says, “Bond markets around the world are in the biggest bubble in history.” EvG thinks when it blows up, we are going to get hit with everything in the financial horror house.  EvG explains, “We are guaranteed to have ‘flation.’  There will be inflation, stagflation, hyperinflation and deflation.  We will have all of that.  At the same time, a lot of prices will be inflationary or hyperinflationary, at some point, as they print more money.  We will also have deflation of debt and deflation of more of the bubble assets that the credit bubble has created.  Debt will implode and also property and stocks.”
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  EvG goes on to add, “I know a lot of people have been buying into this Trump rally, which I find amazing in my view. The overvaluation on the U.S. stock market is just incredible.  The Shiller P/E ratio is now around 27.   It’s over 50% above the average, 50% above the average.  The value of the S&P to GDP is something like 75% above the average.  You are looking at massively overvalued stock markets, and people are buying into this.  It’s the absolute perfect trap.  I don’t see these stock markets staying at these levels for very long.  I think they are going to be turning soon.”
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  On gold, EvG, who vaults gold for wealthy clients, says, “Gold is mainly going down because of the dollar. Since the Fed decision last week, gold has not really gone down in euros or Swiss Francs.  It’s gone down in these currencies only a fraction, maybe. . . . The dollar is just temporarily strong because of higher interest rates.  I think in 2017, the dollar is going to be the currency that will fall the most.”
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