Can Inflation and Deflation Coexist?, Part I

By Robert Ringer

Another one of those dimwitted financial experts recently popped up on CNN and said that she believed the economy would start "turning around" by the end of the first quarter of 2009. She offered four reasons:

1. Banks are now lending to each other. (So?)


2. Government programs are working. (They are?)


3. Consumer confidence will rise. (It will?)


4. The housing market is ready to revive. (It is?)

I've gotten so used to this kind of gibberish from TV-created experts that her inane opinion did little more than cause me to shake my head and smile condescendingly. It was right up there with O'Reilly saying that the media is hurting the economy by scaring people. Sure, Bill. Maybe we should put a cap on scare mongering right along with gas prices.

Sorry, Ms. CNN Financial Expert, but the end to our financial woes is nowhere in sight. What we do not know with certainty, however, is when and how the end will come - and whether it will be a result of inflation or deflation.

Please Click Here to read the rest of Robert Ringer's current article, "Can Inflation and Deflation Coexist?, Part I."