Inflation More Likely in Germany, China than U.S., U.K. [View article]
Correct. M1 grew strongly during Japan's Lost Decade(s), but prices continue to fall.
It is an amazing and unusual example of a plunging velocity of money swamping money supply growth.
On Dec 22 06:48 AM metricon wrote:
> Japan shows that rampant money printing does not necessarily lead > to inflation-- It could lead to long term deflation! Whether the > same will happen in America is unknown. Americans, after all, are > hyperconsumers, not the case with the hyper-saving Japanese. But > as the babyboomers retire in larger numbers, and focus on saving, > this could change the equation.
I am not sure where the superiority complex comes from ...
The US economy has run commercial deficits since the early 1980s. Germany is the largest exportator in the world and Japan is not shabby easier. I don't believe that all the entrepreneurial energy in the world can make up for shabby infrastructure, a spendthrift culture, and a semi-literate population.
Inflation More Likely in Germany, China than U.S., U.K. [View article]
It is an amazing and unusual example of a plunging velocity of money swamping money supply growth.
On Dec 22 06:48 AM metricon wrote:
> Japan shows that rampant money printing does not necessarily lead
> to inflation-- It could lead to long term deflation! Whether the
> same will happen in America is unknown. Americans, after all, are
> hyperconsumers, not the case with the hyper-saving Japanese. But
> as the babyboomers retire in larger numbers, and focus on saving,
> this could change the equation.
What Is Going On With Gold? [View article]
The US economy has run commercial deficits since the early 1980s. Germany is the largest exportator in the world and Japan is not shabby easier. I don't believe that all the entrepreneurial energy in the world can make up for shabby infrastructure, a spendthrift culture, and a semi-literate population.
Perhaps this is American's last hurrah?