Gibberish. I read a little, but not much, past the gross error of “asset bubbles (inflation).” Asset bubbles are sector specific and do not equate to rolling devaluation of currency economy-wide. The author is either ignorant or has an agenda, neither of which merit further reading.
“Gibberish”
I agree.
I have noticed over the years that many people understand “inflation” with prices going up
Others have an understanding of inflation more technical as a monetary phenomenon
2016 is shaping up to be very different than 2008. In 2008, you had bubbles across multiple asset and commodity classes -- driven almost entirely by loose monetary policy and outright currency-driven inflation.
It's no coincidence that the 2008 crash unfolded not long after the Fed stopped publishing M3 money supply figures in March 2006. Business associates of mine who know a lot more about these things immediately began to sell out of their real estate holdings after that, and were able to minimize their exposure during the 2008 meltdown.
Seems like when gas prices were pushing $5 the talk was that the economy sucked because oil prices were too high. Now that gas prices are near $1.60 the economy sucks because oil prices are too low. I would think the fault lies somewhere other than oil.