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« Sucker's Rally? | Main | Reacting to News: The RIMM Lesson »

September 22, 2009

Comments

JohnF

Excellent commentary, Jeff. I had pondered writing a piece a few weeks ago criticizing the inflation and hyperinflation junkies. Data shows deflation -- no way around it. Bond market knows this.

The most egregious commentator has been Faber. His Zimbabwe inflation comment was so far out of line with reality. Almost every case of hyperinflation has been coupled with political instability. And obviously the US economy doesn't resemble an emerging market econmy where most hyperinflation occurs.

Yet, nobody questions these outlandish statements.

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