[quote Rich Toscano]
We’ve had a couple months of falling headline (but not core) CPI, but as far as long term prospects are concerned nothing has changed — so the sudden fascination with deflation, and the rehashing of the same old arguments, is pretty puzzling to me and sometimes I get a bit impatient with the topic. Nothing personal!
[/quote]
I don’t pay too much attention to the current ‘headlines’. I have noticed a pattern of ‘herding’ the ‘Joe6Pack investor’ back and forth (creates churn for the investment firms, as well as opportunities for short term traders). A lot of the investment ‘market’ has turned more into speculation as opposed to taking the time required for investment. As a result – headlines alternate between inflation worries and deflation worries.
