Click on this as this guy is spot on……..
A lot can be said for the criminal gang that owns our government especially when they don’t have a clue on what’s coming.
Before I forget, did you buy your last house before you got a job or after? What I thought. How in the Hell can housing lead us into a recovery if so few people have jobs?
Catch 22 right?
Wait for that big government check. One way or another we’ll have to have it to get rid of the personal debt and recover millions of credit scores to “save” the world’s economy.
or we get a new president in 2012 and we start over again as the economy bounces back to the bottom. We still have several million bad loans out there that need to be refinanced or wrote off. Click on the jump and read it all.
Forget the money supply and everything else the deflation hacks have thrown at you. The only thing that matters is the price of goods and services because consumers control close to 70% of the economy. Thus, any other measures are essentially meaningless.
Deflation, as it applies to consumers means the cost of goods and services declines significantly. Inflation means just the opposite. In between we have disinflation, or the winding down of prices. Right now we are seeing some disinflation in my opinion. While the U.S. economy is likely to experience short periods of deflation over the next several years, it shouldn’t be much of a problem because Washington will continue with its attempt to consume its way out of this depression.
Deflation might bear its head at a later stage as it did in late 2008. But this depression will be characterized primarily by inflation. You might be thinking this doesn’t make sense. If so, then you aren’t familiar with inflation trends. Or perhaps you aren’t aware of how Washington understates inflation data. I devoted an entire chapter to the manipulation of economic data in America’s Financial Apocalypse. Thereafter, I discussed this topic in other publications. (11) (12) (13) (14)
We will continue to experience excessive inflation of basic goods and services, like oil, food and healthcare, much as we have for the past several years.
Combined with double-digit unemployment, very high underemployment, muted real wage growth will act in unison to squeeze consumers further over the next several years. Finally, some 80 million baby boomers will have little disposable income remaining to fuel the economy. For many, it will be a silent depression.
Why will the depression be silent? Because the daily events that have caused panic will come to an end in a few years. Meanwhile, the massive tax payer-funded bailout and stimulus funds will cause most Americans think that a recovery is in place. (15)