As many readers know, I read as much as I can with the time I have. The economic crisis we have endured is not over and I feel strongly that we are in the grips of deflation even though our government and Federal Reserve would like you to believe we are on the back end of a recession.
Michael Shedlock or "MISH" is one blog I read almost every day and I happen to agree with him on his ideas of inflation and deflation and what we're in. In a recent post, I feel like he knocks the cover off the ball with a lengthy piece that describes what these words mean in the real world and where we're at right now.
Please take a few moments to read it!
http://globaleconomicanalysis.blogspot.com/2009/11/what-is-inflation-and-how-does-one.html
Oh yes, and let me add a link to this post by Karl Denniger. - Click here and look at the performance of the USD and the S&P500. Absolutely inversely correlated. When the dollar stops going down, watch out. Until the dollar stops going down, everything else will melt up as we've been saying.
http://www.market-ticker.org/archives/1611-FedSpeak-Translation-There-Is-No-Recovery.html
Goatmug
Tuesday, November 10, 2009
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