any price increases that comes from economic shocks to the system or shortages are always temporary....however, stagflation coming from monetization is not!
sure like the ignorance of seeing a repeat of the 70's stagflation....the only thing missing is the disco music
70s stagflation should be understand by understanding firm reaction. You have no understanding of the firm. You only have sub-monetarist grunt
I understand it was a direct consequence of the monetization in part of the vietnam war.....today its the result of the intervention first by greenspan and later QE 1 and 2 by Bernacke
No you don't. You have a sub-monetarist belief based on zero understanding of firm pricing policy. Its ironic that you make such macroeconomic stormtrooping result based on ignorance of microeconomic relations
You base that comment on knowing no economics and crowing otherwise. At least the monetarists pretended they had something concrete!
you mean monetarists like helicopter Ben? He is even more clueless than some of the posters on this site
back to topic LOL, I think that both the US and europe and in trouble as both have very high debt levels
while Both the US and Europe are in trouble i would like to revisit the part the schill, or er, "rating agency" Standard and poors had in the financial meltdown as they rated mountains of worthless real estate home loan debt packaged and sold worldwide as AAA rated investments. they should be as viable as the accounting agency that cooked Enrons books. Who gives a (*)(*)(*)(*) what they rate. once a schill for the $$$$ people always a schill.
That anybody could think otherwise is ludicrous . As this year and next will show , both will technically be declared insolvent -- Europe first , because they can't print money in the amounts that screw loose Ben has , and will continue to do . And not one person in the world has yet suggested a way of avoiding this end game . Even three months ago , there were still idiots around in the most senior of places telling us that the EZ would be rescued and that the EU " would go forward " as though it is just presently suffering a bout of hiccups . The morons .
Everything suggests that the long term future for all commodities is hugely upward . But as I am sure you know , no bull market moves upward in an unbroken line of good news . There will be corrections both technical and due to profit taking . Occasionally there will be news that Stock Market commentators turn into so called positive economy news , and Gold /Silver may correct . But once people realise that fundamentals have not altered , true market forces will re-assert .
like in the past 10 years......up a little...relax and profit taking...then several months later....up a little more!
