This was expected. I wonder though what happens now, is hyperinflation a real possibility. Is it really sensible to expect consistent positive returns from overall stock market this decade unless doing some active investments ?
Hyperinflation is defined as 50% inflation per month.
https://tradingeconomics.com/united-states/money-supply-m2
Inflation has roughly 40% locked in; which will push out over a few years. Hyperinflation isn't in the cards.
https://tradingeconomics.com/united-states/money-supply-m1
Then you look at M1 and it's like... well could happen but it's not locked in yet.
History books focus on the bread lines, but if you dig deep enough you can find the stock market charts and they are epic! The capital class made so much bank and dipped out, just remember to actually leave because the people come for you.
https://www.ceicdata.com/en/indicator/argentina/equity-marke...
(click max)
It will happen if the Dollar loses global reserve currency status. China, Russia, and a few allies could pull the rug out from under the US pretty easily. A lot of countries are tired of the US exporting their inflation
If having reserve currency status gives a country a tool of "exporting inflation" and countries are tired of the US doing it, it seems unlikely those countries would willingly put that tool in the hands of Russia or China, whom they presumably trust much less. (Assuming we're talking about western Europe.)
Devil you know or devil you don't?