Sorry!! The article you are trying to read is not available now.
HOT TAGS:  

Watch the Bond Market, Not Bank Lending or Velocity

Print comment Post Comments
HYPERINFLATIONARY DATAPOINT
"The deflationists have it backwards. As we’ve illustrated, severe deflation is what leads to hyperinflation. Debt crisis’ go hand in hand with currency crises. In fact, if we had an increase in bank lending, consumption and velocity, we’d be assured we wouldn’t have hyperinflation. We’d end up with rising price inflation for certain, but not hyperinflation. Hyperinflation has never occurred at a time of strong or growing demand."

TICKERS