JR ... I lean towards deflation because our economy is/was geared for $20 oil/$3 gas -- anything more and we put ourselves out of business. I believe plant capacity is at less than 75% and I'm sure it has more to do with the availability of refined petroleum products then the pitfalls of a strong currency. Let's not forget, a strong currency means you can buy natural resources and plant equipment on the cheap.
Hi jr, And nothing is written in stone-nothing is for certain in the future Agree. From my profile ... It's different this time ? My friend, It's Always Different
I can't be in either 'camp' ... Technology induced productivity will continue to impose accelerating deflationary pressure on finished products and services... I believe though that many essential (and non essential) commodities will continue to have pricing power.. I guess that's why I'm mostly metals and energy right now... OTOH coffee has been cheap for a long long time...
This hellish nightmare of the deflationary nuclear winter is not inevitable Agree. More like a global rebalancing of wealth. That will be hellish enough on many.
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