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Anyone want to puchase debt at an artificially low interest rate from a party that’s highly unlikely to be able to pay you back? Anyone? Surprisingly…you’re not alone! The Treasury auctioned off another $39 billion last Wednesday (it’s crazy that we get immune to seeing these huge numbers) in an auction that “drew poor demand.” […]
Even with oil north of $60, airline tickets are incredibly cheap right now. This latest example of price deflation just popped into my Inbox, courtesy of Jet Blue: Related reading: When will price deflation turn into hyperinflation?
We know that, right now, we are most likely in a period of “debt deflation.” Wages are falling. Prices also appear to be falling – though this is open for debate, as there are smart people who believe prices are steady or even rising. For example, Marc Faber recently said he’s surprised that prices are […]
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