I know lots of folks are screaming that the runaway spending in Washington will lead us into hyper-inflation similar to what happened in Argentenia, but I have to wonder if we are not actually slipping into a period of deflation, similar to what happened in Japan.
Anyone have any reasonable guesses on this?
I see oil dropping, its trading under $74 per barrel down from $90. Gold and silver have pretty much stalled, granted they are near their highs but they've stalled within a modest range for the past couple months. Food peaked about a year ago but seems to be holding firm. Clothes and many consumer goods seem to be getting cheaper. Housing is showing no signs of firming up and foreclosures are up, so I see housing and commercial real estate losing more value.
What are you seeing?
Anyone have any reasonable guesses on this?
I see oil dropping, its trading under $74 per barrel down from $90. Gold and silver have pretty much stalled, granted they are near their highs but they've stalled within a modest range for the past couple months. Food peaked about a year ago but seems to be holding firm. Clothes and many consumer goods seem to be getting cheaper. Housing is showing no signs of firming up and foreclosures are up, so I see housing and commercial real estate losing more value.
What are you seeing?