The Pie-Eyed Picayune
An amateurish attempt at explaining current events large and small.
Thursday, October 30, 2008
Move over Stagflation, Here Comes Stag-deflation
is predicting we are set for an extended period of Stag-Deflation
, i.e. high unemployment matched with deflation as opposed to inflation which we saw in the 70s.
On a related note here is my co-blogger (on permanent hiatus?)
Ilya endorsing deflation
Update: I hasten to add that I didn't see a damn thing in the 70s as I wasn't yet even a thought.
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