| Subject: | FWC: 2010, a Year of No Inflation |
|---|---|
| Date: | Tue, 14 Sep 2010 11:02:48 -0700 |
| From: | Jas Jain |
2010, a Year of No Inflation
"There is no question that inflation can be terrible. Right now, though, it sure looks like the last war."
http://economix.blogs.nytimes.com/2010/09/13/2010-a-year-of-falling-prices/?partner=rss&emc=rss
As I had said years back, Burn-ass-ke, easily the most "clueless" man on the planet since he was nominated to the Fed in 2002, has been fighting the last war. Only born-and-bred American dopes like Krooksman failed to see it. In the economic forecasting business there are leaders, there are followers and then there are deniers. Leaders, of necessity, are early. Deniers are always in denial until something is an established fact. Consumer prices are lower today than they were 2 years ago! We have been living in a deflationary world.
Jas
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