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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Mike Johnston who wrote (69225)9/1/2006 11:24:57 AM
From: John Vosilla  Read Replies (2) of 110194
 
'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.'

So true. Actually Mish doesn't get the fact that an inflationary squeeze taking more and more of stable paycheck is much worse on working people whether it is Michigan or Florida than deflation is. The worst combination of declining home prices, flat wages, loss of so many housing related jobs and double digit increases in costs of living is upon the folks down here in Florida.
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