Dakota
~~~~~~~
I thought I'd plop these thoughts here since of course it is opinion based and perhaps not worthy of being in the news just yet.
Nevertheless, I'm willing to hop on the ban wagon and am also thinking we could see "asset deflation" soon.
http://globaleconomicanalysis.blogs...tion-coming-up-food-prices.html?#echocomments
When you see the chart from the link I posted, you can look at the deflation that happened after the 20's and see that what we are showing now is not something we've seen before in history.
http://www.elliottwave.com/affiliat...ree-Financial-Forecasts=aa.aspx#axzz3QDKRuMlB
Thoughts tossing around in my head....
1. Look what is happening to the oil industry at the early stages of price deflation, now imagine that happening to other industries in the world? A large chunk of our global economy is based in the creation and maintaining credit.
2. The heavy price of crude oil is why food prices have been high, so we should naturally start seeing reductions at the stores soon if logic takes center stage? So far I haven't seen reductions in the cost of any food, most notably beef.
3. If Social Security and government COLAs are pegged to the inflation index would pay be cut if there is absolute deflation?
Nevertheless, I'm willing to hop on the ban wagon and am also thinking we could see "asset deflation" soon.
http://globaleconomicanalysis.blogs...tion-coming-up-food-prices.html?#echocomments
When you see the chart from the link I posted, you can look at the deflation that happened after the 20's and see that what we are showing now is not something we've seen before in history.
http://www.elliottwave.com/affiliat...ree-Financial-Forecasts=aa.aspx#axzz3QDKRuMlB
Thoughts tossing around in my head....
1. Look what is happening to the oil industry at the early stages of price deflation, now imagine that happening to other industries in the world? A large chunk of our global economy is based in the creation and maintaining credit.
2. The heavy price of crude oil is why food prices have been high, so we should naturally start seeing reductions at the stores soon if logic takes center stage? So far I haven't seen reductions in the cost of any food, most notably beef.
3. If Social Security and government COLAs are pegged to the inflation index would pay be cut if there is absolute deflation?