Re: What would you do?
I'd buy long bonds. Its a sure bet that every stop would be pulled out to crush inflation. I doubt with what we know now that long term high inflation would be allowed to stand.
Sure worked out for my dad. He's still got a bunch of bonds paying high single digits and retired on that box o' bonds...no worries about the stock market at least. Depression baby.
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.