Turns out, Mish appears to have been dead on. Even if things turn back to the inflationary, it was an extraordinary bit of research.
Great call Mish!
Mentatt (at) yahoo (d0t) com
Subscribe to:
Post Comments (Atom)
This Blog is a forum for an ongoing discussion of energy and politics. All political commentary is admittedly Libertarian AND Pacifist in its leanings in the extreme. If you have a particular bias to believe what you read in the Mainstream Media... this is not the Blog for you. If you are willing to question everything... read on!
2 comments:
Deflation is looking more and more like what is happening, which is great if you have a job. Otherwise, it is FAR worse than inflation because profits disappear and jobs then get cut. I've been reading Mish since early 2007. Three cheers for suburban Chicago! (where he is) :) Now the next fundamental (I don't make predictions) I have to determine is either when do we get back to square one and start upwards again, or has this energy-constrained, over-leveraged, cash & credit-starved, aging, immigrant-hating country had it. Maybe I should retire to New Zealand ...
New Zealand is heading into recession, with a stagnating economy, energy shortages and its chief export being population. Lovely place, but its no economic paradise.
Post a Comment