JonG

Deflation on the Ski Slopes?

More of a question- Is the dashed line off the end of the chart a "technical" estimate of when the index will be returning to 100 which is where it has sat for much of the late 1900's? I am not sure this provides a very good estimate of the timing of when prices will bottom though- there are a lot of other possible outcomes. Also, just because prices are going down because everyone is selling assets to raise cash does not mean we are seeing deflation. Longer term it is hard to believe we will not be seeing the inverse due to the rapid increase in money supply we are experiencing.
Thanks