REWahoo
Give me a museum and I'll fill it. (Picasso) Give
My admittedly biased observations:
When the economy exploded in 07/08 I saw a lot of concerns about the dangers of both inflation and deflation. For several months during the darkest days of 2008, pundits were saying deflation was upon us. Then the economy began to gradually improve and talk of looming high inflation began to reemerge.
Fast forward to the events of the past few weeks, and here come the deflationists again, predicting the US will look like Japan for the next decade.
With that background, I was surprised to get the following email invitation from a former co-worker today:
...and no, I'm not joining the "Congregation".
When the economy exploded in 07/08 I saw a lot of concerns about the dangers of both inflation and deflation. For several months during the darkest days of 2008, pundits were saying deflation was upon us. Then the economy began to gradually improve and talk of looming high inflation began to reemerge.
Fast forward to the events of the past few weeks, and here come the deflationists again, predicting the US will look like Japan for the next decade.
With that background, I was surprised to get the following email invitation from a former co-worker today:
My take on this is no one really has a clue what lies ahead for our economy but a lot of people are convinced it will be extreme.I would like to invite you to join the Hyperinflation Congregation: the Xxxxxxxx group dedicated to helping you manage your personal, family and business lives during US dollar hyperinflation.
Few of us have lived through hyperinflation. As a result, we may have become conditioned to regard discussion about hyperinflation as alarmist “crazy talk”. However, many rationale group members have come to believe otherwise. Their view is that the authorities dictating government monetary policies have already set us up to experience the destructive power of hyperinflation. Some believe that hyperinflation will manifest itself within a matter of months, not years..
That said, you don’t have to be a “believer” to join the congregation. In fact, a wide range of opinions about this subject will help make this group more effective. The only requirement for membership is that you have an interest in this topic.
...and no, I'm not joining the "Congregation".