Saturday, Jan 16, 2010
What's so scary about deflation?
Zero Hedge: What the Deflationists Are Missing
An interesting article by Ambrose Evans-Pritchard came my way the other day. It’s worth a read, if for no other reason than that he paints an appropriately dark picture of the current state of the U.S. economy.
While I very much share Mr. Evans-Pritchard’s view that the global economy is far from out of the woods, our views diverge in that he sees devastating deflation speeding our way down the tunnel. Casey Research readers of any duration know that we see devastating inflation.
Posted by devo @ 10:12 PM (1221 views) Add Comment
6 Comments
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1. devo said...
for those who aren't fazed by exponential curves....
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/volcker/Monetar%20Base.png
2. devo said...
Would you prefer :
a) 'devastating deflation'
b) 'devastating inflation'
c) neither 'devastating deflation' nor 'devastating inflation' ?
Yes, I've been watching Mr and Mrs (under duress I hasten to add)
bring back Derek Batey
(is he still alive?)
3. devo said...
I am pleased to confirm that Derek Batey IS still alive, and living in Florida with his wife Edith, who he has been married to for 59 years.
4. amjidk said...
would prefer deflation, since i am a saver, but think will probably see inflation (purchasing Gold and Silver. just in case)
5. devo said...
thank you amjidk
i'm sorry but your wife said devastating inflation, so i can't give you that
6. tyrellcorporation said...
Lol devo that's actually quite funny. Thx