The Specter of Inflation: Forecasts 2009, Part III
Jan 5th, 2009 | By James Howard Kunstler | Category: Currencies, Featured, International, Macro Economics
This is the "other shoe" that a lot of people are waiting to drop. Right now we are caught up in a compressive debt deflation as mortgages stop "performing" and loans of all kinds are welshed on. Since money is loaned into existence, and a great many loans are not ...read more
