chestnut501 says: The Ominous Sound of Falling Prices We haven't seen anything yet. It may well prove to be far more devestating than any ever before experienced. Deflation isn't going to last as long as the upcoming inflation. The experts haven't noticed, but China is slowly raising prices on the imports we need to survive, first aid supplies, medicine, over the counter "health" products, nuts & bolts, processed foods. Once the cumulative effect of Washington printing, spending and borrowing all the money available in the world hits us, we will be wishing for deflation. What our government is currently doing is as unsustainable as the housing market was. |
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