Thusday 18NOV2010 2325GMT
Well, I have posted up a Deflation … LOL article.
Now it is time for an Inflation … LOL article.
All these chooks-with-their-heads-cut-off squawking about U.S. DEFLATION! or INFLATION! (actually HYPER-INFLATION!!!!). Chill-the-f-out dudes, try to take a moment to look at the data, both ends of the extreme spectrum are not happening. Nothing to see here, move along.
Re Buffett’s op-ed in the NYT, Barry Ritholtz has written a balanced response making many good points. Here: http://www.ritholtz.com/blog/2010/11/dear-uncle-sucker/