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January 31, 2010

Comments

David Jensen

Monty,

You do a nice job on this website.

I see deflation as something very different from dropping prices. The Fed is racing to contain M1, M2, M3 right now (M3 is negative) and we are heading for a credit market/stock market crash. This "deflation" is then going to show the years of monetary inflation with, ultimately, explosive consumer goods inflation as the bond market tanks. The monetary inflation has been hidden in the bond market for years and when unleashed, it will run.

Regards,
David Jensen
Vancouver, Canada

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