Good post rowboat, we are indeed fortunate to get Shedlock's work for free.
Im still not on board with his view there is widespread deflation. In my view, it depends on what 'thing' you're talking about. Mish has an iron-clad argument for deflation in asset prices. His rigorous argument wins hands-down here. After all, in a credit contraction it is these things that will see price falls. But for commodities & staples? I don't think so. For example, see the attached chart of gasoline prices for the entire US. That doesn't say deflation to me.
Ref:
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MG_RT_US&f=W
- Forums
- ASX - By Stock
- GOLD
- yes folks, inflatiion is the real concern
yes folks, inflatiion is the real concern, page-4
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