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

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To: mishedlo who wrote (69212)	9/1/2006 1:24:18 AM
From: Mike Johnston	Read Replies (2) of 110194

The figures show Michigan's median household income fell more than any other state's during the last six years. It was $46,039 in 2005 -- 12% less than what it was in 1999 when adjusted for inflation. and then you write: Many more states will follow the path of Michigan. We are indeed on the cusp..... of deflation. IMHO it is not deflation that is sinking the state (and the country). It is runaway inflation that is sinking real incomes in turn causing massive poverty. I bet if the CPI was not understated, median inflation adjusted income would be in the mid 30's and not 46K (down from 51K). Again, when you look at Florida, it is not deflation that caused consumer confidence to plunge there. It is runaway fuel,utility and insurance bills. We have had skyrocketing inflation for the past few years. Only now people are starting to feel the pain, because house ATM is sputtering. Bottom line: If due to inflation, inflation adjusted income goes down from 51K to 35K, the drop is not deflation, it is simply inflationary collapse of living standards.

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