| | | Deflation - Subject 32586 Good grief, it's 17 years since I started waiting for the supposed deflationary implosion which I didn't believe would happen and it has not. Big Ben aka Helicopter Ben has been shown to be right which to me is obvious - if the measuring stick is shrunk, then the size of the thing measured gets bigger.
Meanwhile, back in the real world, jfred doesn't post, there's another billion people [give or take a few], mobile Cyberspace turned from my dream into your reality, and everything else that happened did, with a LOT more to come, not necessarily to our benefit. Ahaha died as did a LOT more people. Tarken survived cancer but did not survive vitamin B12 deficiency. Everyone got older. Still no deflation. House prices halved in USA but bounced back as the measuring stick shrank. Dow share prices went into the Y2K implosion but bounced back and to new world record, with the 2008 Global Financial Crisis just a blip. Americans also get their genitals probed if they want to get on an airliner.
No deflationary black hole. Uncle Al KBE, Helicopter Ben, Yellen and co, can produce unlimited numbers of $$$. Most people just love spending money, so it won't just sit. Shovel-ready money = woohoo. Party time.
Gold, a somewhat constant measuring stick, says that US$ have been quartered in 17 years. So does oil. So does silver. So do house prices in Auckland. That's a LOT of shovel-ready money that somebody enjoyed spending.
The last 17 years brought a LOT. The next 17 years should be at least as interesting. We don't know where we're going but we're on our way.
Onward. Que sera, sera.
Mqurice |
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