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I know the Wall Street definition of deflation.

jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
in Precious Metals
After listening to CNBC for a few minutes this morning, it became apparent that on Wall Street, the real definition of deflation is, "MY STOCKS ARE GOING DOWN. DO SOMETHING!!

Until that changes, we're all in trouble.
Q: Are You Printing Money? Bernanke: Not Literally

I knew it would happen.

Comments

  • pmcollectourpmcollectour Posts: 1,211 ✭
    It also refers to what's going to happen to their porsche tires once things start getting worse and the mob forms.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    deflation is good for something that has been over inflated. Had Fed been doing its job it would have been a controlled, slow easing of pressure. When an economy "pops" it deflates fairly rapidly and uncontollably. Welcome to 2011, not only did they not let enough air out in 2008, they have overfilled the balloon since then.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

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