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Deflation isn't the main problem. Unemployment is. Because no matter how cheap things get, if people dont have jobs, they won't be buying anything(not because things are cheap, but because everybody will be broke)....
Jan 05 06:02 am
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All Comments by joshuaodonnell »Deflation: It's Starting to Get Silly [View article]
We should be more concerned with the devaluization of the USD and the depreciation of homes all across the USA. And as long as the unemployment rate keeps going up, we will see 9% by end of Q4 of 2009 and will be at pre-depression levels with GDP..(9% is really more like 15%, technically)
Sorry, but the stimulus package wont do a thing. Its just more wasted money...just like the last 2. Maybe if they ended the war in Iraq, that would free up the 10billion there spending there every single month, when Iraq itself sits on a 75billion dollar oil surplus...
priorities............... just wondering where they are?