I too put my money on dollar hyperinflation and lost. Like most people, imagined that American deficit spending aka pumping freshly printed dollars into the economy, would cause inflation. It didnt. Still I dont know why it is so. About 2 years ago, sensing hyperinflation, I borrowed money from the bank at LIBOR + Bank of Israel moving rate, and bought solid stock of large corporations like Bank HaPoalim, BAZAN, etc.
Results are in and it was a bad move. Stocks hardly moved while real interest rates have doubled. I am losing money in this operation.
Where was I wrong? I commend The Economist that has been also making some reflecting on the subject. Notwithstanding the fact that British intellectuals have been under-reproducing for centuries, there is still much IQ left in London. The journalist writes:
I've been trying to think of a situation in which a country like America—rich, with good institutions and able to borrow in its own currency—has dangerously overstimulated its economy. When has a country like America and in America's position opted to do too much fiscally or monetarily, such that it found itself in a dangerous and irreversibly inflationary situation? There aren't that many data points, but I don't believe there's been such a case. Mr Summers is right; the risk to doing too much was minimal, while the risk to doing too little was significant.Too late for me. Now I have to think what I'll do in the next round. I think I'll renew my subscription. I hate paying but The Economist is worth its cost.