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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (35781)7/11/2005 8:26:17 PM
From: NOW  Respond to of 110194
 
my comment was: "prices were very stable in the US in aggregate till the federal reserve sret up shop"
I did nbot say we had no periods of inflation or deflation. but that chart, (and it may well have problems as you say) seems to indicate that in the aggregate, inflation is as a continuos trend is a relatively new phenomenon in the US...



To: Tommaso who wrote (35781)7/11/2005 9:47:44 PM
From: NOW  Respond to of 110194
 
clealry my language " in the aggregate" was poorly conceived. there were periods of inlfation and deflation, but over the long term these resulted in very quiescent overall inflation, UNTIL the modern era...another graphic of this:http://www.comstockfunds.com/html/DebtCones.gif


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