[expat_panama]

fwiw, my take is that there are a few grains of truth here, that plus the fact that crazy or sane this stuff really is what a lot of folks are saying...

[palmer]

It all makes sense to me. The only deflation we had was late 2008 in response to the early 2008 bubble. Otherwise it’s been stagflation without the malaise. Chalk that up to clueless media and conditioning of the population.