Tuesday, September 22, 2009, 8:56 PM
I don't know what else to say at this point, other than that everyone had better be ready for massive inflation..
For the record, I do not ascribe to the simplistic views of "either/or" when it comes to the great inflation vs. deflation debate. When I am asked about which outcome I favor, I say "yes."
What I mean by this somewhat flippant comment is that I can easily envision some assets declining in price (worthless CDOs anyone? McMansions?) even as I see other things rising dramatically in price.
I've alluded to this before, and now the evidence for a liquidity flood is presented below: » Read more