We'll have to agree to disagree.
Every foreign nation is having enormous problems getting their hands on Eurodollars (what our money is know as when used by other countries).
Your position doesn't even begin to explain the enormous drop in price of commodities. That's a monetary deflation phenomenon.
Inflation can only be truly driving from the monetary side. Looking at it from pricing only does not support any reliable economic model.
“Your position doesn’t even begin to explain the enormous drop in price of commodities.”
Every commodity is up YoY, and substantially so....except some metals.
“Every foreign nation is having enormous problems getting their hands on Eurodollars (what our money is know as when used by other countries).”
There were too many dollars in circulation for the size of the worldwide real economy.
“Inflation can only be truly driving from the monetary side. Looking at it from pricing only does not support any reliable economic model.”
Did you take Econ 101? This is basic supply and demand. There are too many dollars chasing too few goods.
Don't wish to sound petty or argumentative - but isn't that how Americans initially referred to the Euro?
Regards,