Wealthion · Thursday, July 2, 2026
Francis Hunt argues that the US has underperformed as an investment destination because it has become an overcrowded capital destination. He suggests that generational and nation-based changes, coupled with dollar debasement, are undermining the US economy, leading to a high, unacknowledged inflation rate.
“You've never needed it in America. It's actually underperformed everything in America because you've grown as an overcrowded capital destination. And the more you've grown, the more success has bred further success. But that's in itself is a doom loop of this is easy and buy America is best.”
“The problem is you get generational changes and you get nation-based changes and the undermining of the dollar. You could even not have a huge crash, but because of dollar debasement, you've lost a lot of ground and your true inflation rate is stubbornly high in double digits that, you know, you'll never hear out of a government official.”
“This is that slow creeping sensation that there isn't the same zip anymore in something. You've lived the teenager to, you know, healthy athlete era. Unfortunately for where the debt is, you have to now view it as you're the middle-aged boxer that's still got quite a bit of power in his punch, but the heart and the puffing and the cardio is going a little bit.”