a cautionary tale on deleveraging!, page-13

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    Lol, Fixator, I can never forget this picture:

    Helicopter Ben

    The deluge of money accumulated from Ben's helicopter has not been released on the streets yet Fixator, so inflation is not a worry just yet. The money is well and truly dammed in by the banks. The monetary inflation is being counteracted by a credit deflation.

    Inflation will not happen until the banks resume "normal" lending. Will Benny boy pull up interest rates then to reel in the excesses? Really doubtful he will go counter to his predecessor. I think Benny is a hostage of the electorate just as much as the political establishment.

    This is just as much as dilution as shareholders feel when stock in their company is sold to sophisticated mugs at a discount. Your $100 bill is not worth the same any more.

 
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