A fine analysis as usual. I am a bit more doubtful though about the inevitability of inflation, as the deflationary forces are so powerful with the frantic deleveraging occurring. My best guess would be ongoing deflation, no matter how hard central banks push on the string, followed perhaps by hyperinflation as all the money that has been printed hits in a tidal wave.
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A fine analysis as usual.
Nov 11 09:06 am
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All Comments by David Martin »U.S. Is Playing Financial Dominoes [View article]
I am a bit more doubtful though about the inevitability of inflation, as the deflationary forces are so powerful with the frantic deleveraging occurring.
My best guess would be ongoing deflation, no matter how hard central banks push on the string, followed perhaps by hyperinflation as all the money that has been printed hits in a tidal wave.