Thursday, September 30, 2010

Deflation? Yes.

This picture, sent to Michael Shedlock, who blogs as Mish over at Global Economic Trend Analysis, gives you a good picture of the price deflation being experienced in manufactured goods:

Massive ongoing credit deflation, a continuing trend towards price deflation (in markets relatively free of government influence on pricing, unlike medicine, insurance, etc.) - just think what this is going to look like when we go off the credit cliff.

No comments: