Zeev's Turnips Patch-No Politics (ZEEV)

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brainlessone-

When the economy is in a period of profound deflation, charts are worthless.

The FED wants us all to think we are neatly straddling inflation/deflation, but the reality is that we are in a deflation with housing, autos, commodities, stocks, clothing, &c losing value at a shocking clip. As more and more people lose thier jobs, this deflationary spiral will accelerate (for a time). There may be an inflationary explosion later, but if you are looking for a period when there is "too much money chasing too few goods" you're going to be the 21st century's equivelant of Diogenes looking for an honest man.

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