So which is it going to be, inflation or deflation? Scylla or Charybdis? Tweedle-Dee or Tweedle-Dum? I dunno. People profiting from the housing bubble are certainly hoping for inflation.
This respected blogger argues for deflation. If so, cash will be king and your outrageous mortgage debt will be crushing. So place your bets.
2 comments:
Yes. Asset deflation, consumables inflation.
Yes. CPI Inflation, Asset Deflation. Interest rate movement unmatched in history.
Regards,
John
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