Mostly: Classical

[amarksp]

I hear you... Finally finished with tax season and reading more on deflation. The jury is still out, but I have a much greater respect now for deflation and trying to find safe banks for keeping cash. Too big to fail likely not to last.

I am beginning to believe that people such as Hugh Hendry, Mish, and others may well be right. Namely, quantitative easing has never worked throughout history as Hendry states.
http://globaleconomicanalysis.blogspot.com/2009/02/fiat-world-mathematical-model.html

"Since the 1870s, three extended deflations have occurred--two in the U.S. from 1874-94 and from 1928 to 1941, and one in Japan from 1988 to 2008. All these deflations occurred in the aftermath of an extended period of "extreme over indebtedness," a term originally used by Irving Fisher in his famous 1933 article, "The Debt-Deflation Theory of Great Depressions." Fisher argued that debt deflation controlled all, or nearly all, other economic variables."

In short, I think quitting is the better part of valor for the next few months...

Good luck Frank!