Definitely in deflation mode for a long time. Price of meat going up is anecdotic and will not last forever, people will either eat less meat (which ain't that a bad thing) or won't be able to find some and therefore won't kill their grocery budget on it. Most of everything else is gonna go on sale big time including over priced real estates, services, over produced goods like cars, and a very long list of things. The velocity of money is gonna be down for a long time and like in 2008 hyperinflation will most likely won't happen at all. Commodities are all down beside Gold which could very much be at its All time high (same level as 2013). Gold might be an insurance card for retirees with a lot of savings but it's not producing any income unless you run a YouTube channel and make commission off sales... People needs to buy income producing assets or develop skills and take advantages of the new opportunities opening with the new way of living that will come out of this gigantic crisis. For sure there will be only few winners for what is coming.
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