Another in a series of posts dealing with whether we have inflation or deflation as this economic crisis plays out. I am in the inflation camp, but plenty of people that I respect are in the deflation camp. The article below by Rocky Vega deals with the potential that is already in the system. The [...]
Archives for July 26th, 2010
Times are Getting Tough
As the Depression (not recession) continues, you will see more headlines that you have never seen before. Headlines like these three that appeared today on Drudge are about to become more numerous and more frightening. Strapped towns and cities giving away land — to cut lawn mowing bills! LA suburb residents march over high city [...]
Denninger not Impressed
Karl Denninger rants often, but usually accurately. Here is his take on this economy: Green Sharts! Chicago Fed Index -0.63 by [email protected] (Karl Denninger) Oops…. Led by deterioration in production- and employment-related indicators, the Chicago Fed National Activity Index declined to –0.63 in June, down from +0.31 in May. Three of the four broad categories of [...]
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