There is no slagflation. There is no inflation conspiracy.
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Bubble World
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In the long run I dont see how an economy totally dependent on rising asset prices is sustainable. Asia need to spend more and most consumers in the US need more savings not more credit.
If inflation is at 7% a year and GDP growth is 2%, does that really mean there isn't a recession?
Its worse to have GDP growth of 2% and 7% inflation than GDP growth at 0 and inflation at 2%.
And no, inflation is not 2% according to the Chocolate Factory in DC. So we may be in a recession already and its being masked by rampant money growth resulting in nominal growth, but real contraction.
Its worse to have GDP growth of 2% and 7% inflation than GDP growth at 0 and inflation at 2%.
And no, inflation is not 2% according to the Chocolate Factory in DC. So we may be in a recession already and its being masked by rampant money growth resulting in nominal growth, but real contraction.
It will change someday.