This one’s for all the fellow deflationists struggling to “keep the faith” during the continued rally in asset prices – most notably the parabolic move in the precious metals.
Christopher Whalen of the American Enterprise Institute presents Four Pictures of Deflation, and concludes: “The end of the liquidation cycle of the deflating bubble will arrive in another four to five years.”
You can read Christopher’s thought provoking presentation here.
Hat tip to good friend and fellow deflationist Carson for passing this along!
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