To End The FReepathon
Brace yourself for the wave of posters who will tell you how expensive milk has gotten.
Yada yada yada. Having experienced Jimmy Carter’s stagflation, deflation seems benign. Granted, living
on a fixed income is harder with zero interest rates,
but not as crippling as soaring prices.
“The whole shebang is maxed out. And the whole caboodle is maxed out too. All of it except for central banks and other money printers.”
So, get off of FR and get back to work, SERFS! 0bama needs your tax dollars to make ends meet.
Well, it’s pretty likely that our ‘ends’ WILL never ‘meet’ again with close to 20 TRILLION in debt, but still!
Thanks blam. Crude prices have led the way down, but not everything comes down as quickly, irrespective of the quirks of each commodity. That includes gasoline. Of course, as long as there's someone to scapegoat for it, everyone is happy being miserable.
That's crazy. On average American individual real wealth is at an all time high. He's right that we got deflation and the reason is nobody's spending (money supply's up, velocity's down), but the average American is definitely not in the red.
Even Larry Kudlow has realized in the past week that we are looking at deflation. Soon we will all be calling 2015 the good old days.