Deflation Risks Not Worth Hype
Deflation may be unlikely, but if it occurred, the consequences could be dire, and not just because of the direct economic impact. It would make dollars worth even more in the future, magnifying the U.S. government's surging debt burden. That could be the unspoken fear behind all that nervous talk.
There's nothing quite like an unspoken fear to generate plenty of hype. As we all know, the unspoken word of mouth can spread like wildfire.
That Which Must Not Be Named (in Spain)
You cannot speak of a crisis. - Rafael Pacheco, October 2007
To talk about severe adjustments or a meltdown in prices is ridiculous. - David Taguas, September 2007
Look, maybe I didn't say every tiny syllable, no. But basically I said them, yeah. - Ash, Army of Darkness, 1992
Q1 GDP Tracking: Movin' on Up
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From BofA:
Since our update last week, *1Q GDP tracking is up two-tenths to 2.1% q/q
saar*. [Apr 19th estimate]
emphasis added
From Goldman:
We left ou...
3 hours ago
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