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  1. #1
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    Say hello to deflation

    What items aren't dropping in price?

    Houses and energy prices are dropping like rocks.

    The U.S. producer price index fell 2.8% from September, and the consumer price index dropped 1%.

    Link:
    Deflation Descends Upon The U.S. - Forbes.com


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  2. #2
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    Re: Say hello to deflation

    based on some quotes I just received, copper must be dropping like a rock compared to this time last year.



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    Re: Say hello to deflation

    Merrill Lynch gurus are now saying 15% more drop in house prices with next four quarters being contraction with leveling at a bottom in 2010. This is driven by a 11.2 month supply of houses, highest in a very long time.

    They said it will be the worst recession since WW2 since the credit is being pulled back from people. Think the 17 million autos sold per year sinking to 10 million rate from October on could become the norm with little or no credit available for borderline people.

    Supposedly the major banks are still being propped up with govt loans and they are essentially insolvent, illiquid, malfunctioning, biding time, counting their cards, going thru their retrenchment plans or whatever. AIG needs $10 billion more. Expect fillibuster today for auto industry bill.

    Merrill talked about 10% unemployment with the rescession being a different type since credit is not available to borrow. They said we were looking more 90s Japanlike with zero cost to borrow money....


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  4. #4
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    Re: Say hello to deflation

    It's not all bad.



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    Re: Say hello to deflation

    at least we're not hawkeyes...



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    Re: Say hello to deflation

    Quote Originally Posted by clones_jer View Post
    based on some quotes I just received, copper must be dropping like a rock compared to this time last year.
    Sweet, power companies everywhere are in a collective sigh. Hopefully there will be a decline in copper thieves.



  7. #7
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    Re: Say hello to deflation

    It's a correction that is needed in many areas.

    The problem is that if the bailout madness continues, you are going to see super-inflation in the next year.



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    Re: Say hello to deflation

    No worries, tuition is still rising



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