It is my belief that the powers that be are attempting to combine the deflationary Great Depression with the inflationary 1970s in the hopes that two wrongs will miraculously make a right.
About all we seem to be getting is the high unemployment common to both eras though. Go figure.
RAIL TRAFFIC PLUMMETS -9.3% TO START 2012
ReplyDeleteCheck out that juicy 0.68% real yield on the 30-year TIPS.
ReplyDeleteI think someone broke the economy's mirror and we're due for 30 years bad luck, lol. Sigh.
The first sentence was meant to be sarcastic of course.
ReplyDeleteThe second sentence, not so much.
That rail traffic figure is "gnarly"!
ReplyDeleteThis is a deflationary depression.
CP,
ReplyDeleteIt is my belief that the powers that be are attempting to combine the deflationary Great Depression with the inflationary 1970s in the hopes that two wrongs will miraculously make a right.
About all we seem to be getting is the high unemployment common to both eras though. Go figure.