All the inflation / deflation debate has me questioning what is actually meant by these broad statements. I am leaning towards believing both, but just in different areas, i.e. Inflation in assets and consumer prices, whilst at the same time we get deflation in the economic output i.e. stagflation. My concern is, how much further can these asset prices rise, and when will (If they do) the money taps get turned off? Very interesting times, hard assets are definitely the way to go, but I don't think leverage is very wise in this environment, it will only take one card to fall down in this house.
