jadziasman

Tug of War Between Deflation and Inflation

Shout out to dieuwer,

Ain't deflation? Nothing to do with deflation?

Take a ride out to the Detroit area and experience the fear in person!

Watch the death spiral of at least two of the three domestic auto makers and their supplier base in real time!

Home prices are currently lower in the Detroit area than they were in 2000 with an expectation of further retrenchment to the mid 1990's or earlier.

Detroit is on track to becoming the first major city ghost town. If the taxpayer financed GM-Chrysler-Cerberus-G... "merger" goes through, at least 20% of the homes in the Detroit metro area will be REO's.

If that ain't deflation, what is?