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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: benwood who wrote (50499)1/20/2006 5:05:39 PM
From: GST  Read Replies (1) of 110194
 
HI Benwood -- "monetary inflation" is a largely irrelevant ideological construct that does not fit well with a global multi-currency economy -- i.e. the real world. If my purchasing power is cut in half I care about it. I don't care about money supply per se -- except to the extent it has an impact on my financial position. Monetary inflation is meaningless -- price inflation is meaningful. And to those who would tell you that everything you need to know about inflation is captured by measuring money supply (US money supply no less) I just shake my head and smile -- it is absurd.
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