GST I am not hiding behind prices, you are.
Prices are not in my definition and you know it.
Furthermore and I have said this too (many many times)
I will, put it in bold for you (I did this once before too)
WE ARE NOT IN A PERIOD OF DEFLATION
Yet you and others repeatedly bash me on baseless grounds "You are wasting your time hiding behind the "we can't measure price inflation" shuck and jive."
I expect to see a decline in credit and I more or less expect to follow the path of Japan. You are free to disagree and you do, to the point of attacking me nearly every day, ironically enough criticizing my view of not looking at the other side, while you do just that. Prices are all that matters to you, and once again (ironically enough you are ignoring lots of falling prices).
My attempt to look at prices was genuine and what I get is a baseless blast of "shuck and jive" when you are the one doing it. I am not hiding behind prices because prices of goods are really not in my equation.
Yes I do expect prices of goods and services to fall and they are starting to do so. Oil, copper, houses, prices at restaurants, gasoline, natural gas, tutoring, trucks.
OK so they are still higher than 5 years ago. A reversal has to start somewhere. I am suggesting we are on the verge of it and you bash me about that, conveniently ignoring current data (by YOUR own model, I might add)
Mish |
