[LS]

We've had this debate on several threads. Take ANY measure of money, so far this year, and compare it to productivity. You have DEFLATION.

There is NO, I repeat, NO consistent sign in any of the traditional "thermometers" of inflation: oil prices, gold prices (which are up very slightly, and only over a very short period), or interest rates, which are at post-Depression lows.

When you have home mortgage rates at 6.7%, that, my friend, ain't inflation.

[arete]

When you have home mortgage rates at 6.7%, that, my friend, ain't inflation.

So corporate bond rates are?

Bankruptcies are?

Trade deficit is?

Private and public debt is?

Richard W.