[quote=kewp]
Everything is collapsing in price; from housing to soybeans. Even oil is dropping like a rock.
BS +2[/quote]
Yesterday the new CPI data was released. The overall CPI was flat for the month of September, with oil dropping and everything else, particularly food and health care, rising. More acurately, only oil has been falling like a rock, but today OPEC declared a cut in production and oil surged back upward. There has been an “irrationally exuberant” technical pullback in commodities. As Bernanke keeps printing like mad, that “reverse bubble” will have to pop. The deflation expectations are based on what happened in the early 1930’s when we still had the gold standard. It’s a new game now, with no restraint on printing, and much more government debt pre-crash. We need to base our expectations on today’s facts.
