I think my favorite part of this article is realizing how deep we all are in spin ... "disinflation"? What the hell is that?
Do you mean "deflation"?
But for pity's sake, let's not call a spade a spade and use the word "stagflation" which is what Japan went through, and where the US is heading. The Fed can't give banks money fast enough and consumer spending is stagnating. Sounds like a recipe for stagnating inflation to me.
EDIT: My bad ... disinflation refers specifically to a decrease in inflation. Stupid English beating me again with a word for everything ;)
Do you mean "deflation"?
But for pity's sake, let's not call a spade a spade and use the word "stagflation" which is what Japan went through, and where the US is heading. The Fed can't give banks money fast enough and consumer spending is stagnating. Sounds like a recipe for stagnating inflation to me.
EDIT: My bad ... disinflation refers specifically to a decrease in inflation. Stupid English beating me again with a word for everything ;)