punk_ash

Scary Drop in Velocity of Money: Is Deflation Knocking?

Unless the Feds are printing many more Trillions of dollars, we will not see inflation. The money that we all thought was funny money and all based on credit. Any money being earned right now is being hoarded. Most are buying only what they have to. The new money is not chasing anything.

This housing mess would have been long taken care of if it were not for the real estate taxes.