Greeny cannot define inflation, since he measures it with the incredibly useless and narrow CPI
he chooses to ignore rising energy, metals, fibers, grains, beans in prices
his idea of inflation is what imports and liquidated products cost in price
open window to non-banks
so debts can rise even more hyperbolically?
consumer debts are twice what they were in 1990
what would that solve?
monetize the govt debt is exactly what is coming
that will accelerate the USDollar decline
that is a last stage desperation act, I fully anticipate
as I said, he has no more weapons
as they reflate, we expand debts, accelerate job exodus, increase production costs, increase cost of household living
with no remedy to trade gap or federal deficit
as they restrict, we raise corp debt costs, kill real estate, kill bonds
with no remedy to trade gap or federal deficit
even his faulty measure of inflation, the CPI, will soon register some hefty jumps from rising import prices
the USDollar is going to hell in a hand basket
since Oct2003, the dangerous Phase #2 has been in force
all world currencies are gaining ground versus the USDollar
THERE IS NO EXAMPLE IN MODERN HISTORY FOR AN ECONOMY TO GROW WHILE ITS CURRENCY IS IN DECLINE, NONE
unfortunately for the US$, all mechanisms are either dismantled or intervened which will stem the dollar decline
each step down ushers in the next, with technical rallies scattered in a nice pattern
/ jim |
