[AdamSelene235]

It might be worth noting (if you actually want to consider all of the evidence prior to making a "conclusion") that the U.S. economy GREW during the year and Quarter in which this article was written.

The majority of the "growth" was due to mortgage refinancing.

and inflation is dead.

Not quite...We are going to have inflation ( a monetary phenomenon) and deflation ( a credit collapse) simultaneously. Contrary to the Fed, the solution to malinvestment is not another, cheaper loan.

Let's not all be feminized by Leftist gloom and political correctness. Buck up, gentlemen! We are at war!

Agreed.

[Southack]

"We are going to have inflation ( a monetary phenomenon) and deflation ( a credit collapse) simultaneously."

No, those two circumstances are mutually exclusive.

INFLATION is the devaluation of your currency (ie. it takes more of your currency to buy the same thing).

DEFLATION is the enhancement of your currency (ie., things cost less).

You can have one or none, but not both at the same time.