londonbanker.blogspot.com - 12/13/2008
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For a while now I have been on the fence on the inflation/deflation issue – whether the massive monetisation of bad debts by central banks and governments will lead to rapidly escalating inflation as currencies are debased or, alternatively, lead to deflation as bad debts and illiquidity ...
telegraph.co.uk - 12/7/2008
globaleconomicanalysis.blogspot.com - 12/18/2008
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globaleconomicanalysis.blogspot.com —
There is an excellent article by Axel Merk
on 321Gold called Monetizing the Debt . The article
discusses the Fed's growing balance sheet and whether or not it represents inflation. The aspect that I want to highlight is in regards to bank lending. ...
(more)
Humpty Dumpty On Inflation
telegraph.co.uk - 12/19/2008
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Blog Reactions
"Deflation has become inevitable"
naked capitalism —
... to nowhere) and it does not seem to have done them much good. Note my sophisticated investor buddies disagree, saying this is backwards looking, confident that a US budget deficit of 10% of GDP next year will do the trick, and think inflation/hyperinflation is the bigger risk (note some consider hyperinflation to be operative at 20% per annum; you do not need to get to Weimar scenarios for inflation to start distorting economic decisions in a very serious way). From London Banker: For a while now I have been on the fence on the inflation/deflation ...
“Deflation has become inevitable”
self-evident —
Remarkable (and possibly final) post from London Banker.
The determination to avoid any accountability for failed banks, failed business models, failed regulatory systems and failed academic rationales for all the above invites anyone with spare cash – an increasingly select crowd – to withhold it from further depredations. It is this instinct, more than confidence in the government, which is driving so many to seek the temporary safety of short-dated government securities.
…
It’s this ...
Economic Potpourri December 13, 2008
Mish's Global Economic Trend Analysis —
... Ali al-Naimi said in an interview in Poznan, Poland, that the kingdom pumped 8.493 million barrels of oil a day in November. That’s 287,000 barrels a day less than estimated by the International Energy Agency, and close to Saudi Arabia’s OPEC quota of 8.477 million barrels. Libya’s top oil official Shokri Ghanem said previous OPEC cuts haven’t been enough. Expect to see massive cheating by OPEC members unprepared for the dropoff in dollar inflows. Deflation has become inevitable For a while now I have been on the fence on the ...
Twenty Comments on the Current Economic Scene
The Aleph Blog —
... in the repo markets. Yet another unintended consequence is the reduction in investment from Japan and other nations that don’t want to hold dollars at low rates.
6) Brave Ben Bernanke is fighting the Depression. If his theories are right (and mine wrong), if he succeeds, he will face a difficult challenge in collapsing the Fed’s balance sheet as inflation re-emerges, without taking the wind out of the economy. But if I’m right (or London Banker, or Tim Duy, or Stephanie Pomboy) things could be ...
Related Content
"Deflation has become inevitable"
nakedcapitalism.com 12/15/2008 — I'm reproducing the bulk of a very good (and possibly final) post by London Banker, a former central banker and securities regulator, that takes issue with some of the conventional wisdom surrounding the efforts to remedy our economic crisis via ...
Embrace Deflation - It's The Cure, Not The Problem
globaleconomicanalysis.blogspot.com 6/28/2009 — Concern over Japanese deflation is increasing. Please consider Japan Succumbs to Deflation as Consumer Prices Fall Record 1.1% . Japan’s consumer prices fell at a record pace in May, adding to the risk that deflation will become entrenched and hamper ...
Deflation?
economistsview.typepad.com 4/16/2009 — With the decline in consumer prices today, people are beginning to talk about
the risk of deflation once again, though it doesn't appear there's much worry
since the decline was driven mainly by energy prices:
For the first time in over a half ...
Deflation or disinflation?
VoxEU.org 2/11/2009 — Robert Ophèle , 11 February 2009 The recent rapid fall in inflation, amidst a financial crisis and a very sharp economic slowdown, has raised the spectre of deflation. But, this column argues, current dynamics in France and the euro area are actually ...
DEFLATION ?
angrybear.blogspot.com 3/22/2009 — By Spencer, Did you know that over the last six months the compound growth of the total CPI was -5.0%. Of course that is up from January when it was - 5.8%. You have to go back to 1948 to find actual deflation like this, when it bottomed at -4.2%.. ...
deflation in china
declineandfallofwesterncivilization.blogspot.com 12/4/2008 — the call from morgan stanley . Despite still relatively high CPI and PPI inflation at the current juncture, we believe that a perfect storm for deflation is gathering strength under the surface and is expected to bring about a deflationary impulse in 1H09, which may morph into persistent ...
Deflation?
knzn.blogspot.com 11/29/2008 — The bad news is that the headaches and fatigue you’ve been experiencing aren’t just stress. According to our tests, you have a serious illness, and if it’s not treated soon, you could be dead within a year or two. The good news is that the treatment ...
Deflation Worries
gregmankiw.blogspot.com 11/21/2008 — From Google Trends , here is a graph of the i nternet search volume for the word "deflation." Note the sizable spike of late. Presumably, this is not because motorists are suddenly worried about their tires running out of air.
Inflation v. Deflation
nihoncassandra.blogspot.com 1/26/2009 — Dear Diary:
For the record, on the Inflation vs. Deflation debate, I know that you know that I've personally held the view that since core asset prices began to slide in 2007, that deflation was more likely than inflation. We predicted the demise of ...
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