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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: NOW who wrote (21899)1/21/2005 9:34:43 AM
From: Tommaso  Read Replies (1) of 116555
 
>>>"The word "deflation" as used in the past has always implied a general decline of prices of all goods and commodities, real estate, wages--everything"
Really?<<<

Yes. There has been no period of real deflation since 1933. Just fluctuating inflation and disinflation. The PPI and the CPI have done nothing but rise erratically over the last 70 years. By way of contrast, in the United States, general price levels fell steadily for more than fifty years following the Civil War, as the country gradually resumed a complete gold standard and retired the "greenbacks."
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