What you’ve done through the endless printing of money, it hyperinflates financial assets, and it crushes the velocity of money through the system.
As these things pass, as suppliers and commodity miners and manufacturers, can match supply and demand, because there is a demand surge right now…once that levels out, a lot of that price inflation is going to go away,” he said.
“You end up just pulling stock returns, you depress bond returns, you crush savers, and you pull stock returns forward.