Saturday, 27 November 2010

The Zimbabwe Phenomenon...............from Rico

Looking at market performance on a nominal basis (unadjusted for inflation) is foolish, but Benny and Timmy and Co could not be happier if the public remained clueless and ignorant of the Zimbabwe Phenomenon (when the market goes up by a billion%, yet purchasing power drops by a trillion%).

We've been officially told there is NO inflation. Riiight.

We've also been told the Fed's new mission with QE2 is to create some inflation. Riiiiiiight.

This will not end well.


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