See, then the dollar quadruples against oil in six months, that isn't an inflation. Especially when the same thing happens against every other commodity on earth. And twofold against real estate. And 30% against Euros. And buys 3 times as much future interest payments. And...
But enough, those who only understand inflation as an allegation are not interested in reality, only in their doom mongering smears of the world they live in and what made it work.
“It is a deflation. The entire world bet on a large scale inflation that refused to happen, that is what the financial crisis *is*. Now they all have to repay all of their short dollar positions in more valuable terms instead of less.”
Yes, exactly. The big question is...Why this is so hard to understand?
Excellent posts from you.
I am British but I have most of my net worth in dollar-priced stocks. The stocks haven’t done so well in themselves, but their value (to me) has appreciated 50% across the board just from the dollar rising against the pound.