Hyper-inflation. It takes a total loss of confidence in the system. We won't have hyper-inflation. There will be some inflation for sure. Spreads in corporate bonds have spread out significantly and that is where the price pressure comes from in the broader bond index. ZCS-T is a good choice. ZST-T, ZCB-T would also be good.
It is on his shopping list. Don’t buy today. This is global clean energy. This is good for 10-20 years and will be part of global growth. He likes it at $8 or better.