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We haven’t heard the “D” word tossed around in a little while! What a welcome Saturday morning change up, as market technician Frank Barbera explained to Jim Puplava that the markets could be facing a deflationary headwind in the near term. Barbera cited the diminishing effects of each QE event (a point also made by […]
Dollar UP. Everything else DOWN. Sound familiar! Forget Facebook – this is the real financial story. There has not been a lot of green on many screens of late, except for one castoff – the buck. Call it what you will – the best house in a bad neighborhood, the flight to safety – fact […]
Here’s an out-of-this-world experience with Hugh Hendry – a full hour with noted financial author Steven Drobny (who’s books are excellent, by the way). You just have to absolutely love someone who says they would short themselves. Hendry’s a believer in debt deflation, and thinks the yen and dollar could appreciate greatly, because most debt […]
Here’s a very interesting inflation vs disinflation vs deflation debate between money managers John Brynjolfsson and Robert Kessler. THE debate of the last four years in the financial world – it’s gotten a lot of play, but both guys here make some great points. Hat tip to astute reader and roving correspondent Gary, who sent […]
Debt deflation icon Steve Keen is circling the wagons – he’s got a new blog post, and as usual, it’s well worth a read. Keen, a true thinking man’s economist, sees continued deleveraging that will in turn continue to drive down asset prices – likely to much lower levels. His core thesis is that asset […]
The reported end, or at least pause, of QE, is exactly what the deflation camp has been waiting for. (Well…sort of. Since some liquidity is going to be hanging around in the form of “QE2.5”. Remember when Bernanke claimed that after QE1, the Fed would remove the excess liquidity from the system?)Regardless, after June, the […]
Interesting take on why rising commodity prices ultimately have a deflationary effect – from David Rosenberg in yesterday’s Breakfast With Dave: The bond market is telling you something very important here that rather than being a permanent source of inflation, what we are witnessing is a global exogenous deflationary shock (the impact on discretionary spending in America will […]
In a title near and dear to my weimaraner’s heart, Christopher Whalen penned an excellent inflation/deflation piece pontificating about the possibility of “Global Weimar”: The commercial channel at most banks we hear from is still running at 1/3 to 1/2 of pre-2008 levels in terms of new originations and demand for credit. This is why when […]
Gary Shilling weighed in with his recommendations for 2011 in John Mauldin’s latest Outside the Box newsletter. Since the early 2000’s, Shilling has been one of very few financial commentators staunchly in the deflation camp – and his 2011 picks reflect his belief that deflation, not inflation, will rule the years ahead. We look for […]
Overall credit, as measured by the quarterly Z1 report, turned up significantly in the 3rd quarter for the first time in a few quarters – does this mean the deflation threat passed? Fellow deflationist Vox Day is not impressed – he writes: So, while Z1 reports a quarterly increase of 0.43% in overall credit, the first […]
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