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

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To: mishedlo who wrote (69413)9/6/2006 2:37:12 PM
From: Wyätt Gwyön  Read Replies (1) of 110194
 
Are we now down to tracking the price of OJ

yeah, why track the national price of OJ. so much better to track the daily specials at the Danville Bennigan's--the nation's true inflation barometer.

in any case, i agree with you: if prices are going up, it's deflationary, because that means less demand. and if prices are going down, that's deflationary, because prices are lower. when housing prices went up, that was not inflationary because you said it wasn't. and now that prices are going down, it's deflationary because you say it is. when commodity prices rose, it wasn't inflationary because you said it wasn't. when the CRB falls, it's deflationary because you say it is.

this type of analysis has enabled deflationists to correctly predict when the Fed will stop raising rates, give or take five hundred basis points.
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