What’s happening with prices is hard to tell. The official tally puts consumer price inflation at less than one-third the level it was at when Ben Bernanke told us he had it under control. Targeting 2%…the CPI now measures 0.5%…which means either Mr. Bernanke missed the target by 300% or he can’t really control inflation after all.
August 4th, 2010 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "deflationary"
Reality Sovereign Debt Finance Theatre
The European monetary family is in crisis. It meets on March 25th and 26th to discuss whether to kick Greece off the island (survivor style) or to intervene and save the prodigal son. The problem, from a German perspective, is that Europe is full of prodigal children. To save Greece means to save the rest of the economies troubled by rising public debt-to-GDP ratios.
March 19th, 2010 | Dan Denning | 1 comment | Continued
How Does an Economy Expand When the Banks are Lending Less Money?
We believe the “expansion” reported in the GDP figures is mostly counterfeit. It’s government spending and hot money filtering into the economy.
March 4th, 2010 | Bill Bonner | 0 comments | Continued
A Period of Credit Contraction, De-leveraging and Depression
No one knows for sure. Investors stumble around in the dark, bumping into data and knocking over lamps.
January 29th, 2010 | Bill Bonner | 1 comment | Continued
Inflation is an Artifice Caused by Government
Central banks ‘target’ a certain level of inflation because they think – or say they think – that a bit of inflation helps create full employment.
October 6th, 2009 | Bill Bonner | 2 comments | Continued
What’s a Consumer Economy Need in Order to Keep Growing?
“US consumers are cutting back, and where they are not cutting back, they are scaling down. This new cycle is all about ‘getting small’ and it is deflationary.
September 23rd, 2009 | Bill Bonner | 1 comment | Continued
