Yankee Running Dog

The Bailout Pork Effect: Short Term Rally, Long Term Disaster

I would guess one might make a case for deflation instead of inflation... Let me see, the interest rates drop to 0.0%, banks still do not come out of their bunkers, business earnings drop like a meteoroid and capital spending dries up and prices start to fall... Read your history from 1929 to 1932.

In case you have not looked at the charts recently, all the industrials and materials are headed straight down, China has quit importing oil..


Only time will tell the name of the game, deflation or inflation.