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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GST who wrote (87987)10/26/2007 6:16:56 PM
From: KyrosL  Read Replies (2) of 110194
 
My dollar buys a lot more house in South Florida now than a year ago. In the latest auction of Miami condos, prices were HALF of what they were a year ago. Some South West Florida houses are back to pre-bubble levels, erasing 3 years of gains. This is definitely not inflation from the perspective of a dollar holder.

Prices of imported manufactured goods to America are rising much slower than the dollar is depreciating relative to other currencies. In fact, they are rising LESS than the CPI inflation reported by the BLS. So, they are still a source of deflation. They are a smaller source of deflation than when their prices were falling in nominal terms, but they definitely do not contribute to inflation yet.
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