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


To: GST who wrote (50431)1/20/2006 2:33:49 PM
From: mishedlo  Read Replies (2) | Respond to of 110194
 
As far as I am concerned you are hopelessly confused.

One of the reason the FED did not feel the need to hike, in spite of a rampant explosion in credit is that prices stayed low.

Why did prices stay low?
Because money went into stocks as the price of oil and goods from China fell.

By your silly definition we had deflation or at least little inflation.

Inflation is an increase or decrease in money. Period.
No wonder your arguments make no sense.

Oh well arguing is pointless unless one can agree on a definition.

I do not care much about him from what I gather but this idea is rock solid

Inflation is Always and Everywhere a Monetary Phenomenon
progress.org
gold-eagle.com

If you want to separate out "price inflation" from "monetary inflation" be my guest but that is EXACTLY what got Greenspan in trouble.

Mish