From the ‘Great Inflation’ to the ‘Great Deflation’
May 1st, 2009 | By Contrarian Profits | Category: Notes From the Investment UndergroundWe lay awake last night wondering if we’d made a terrible mistake warning notes readers of the coming “Great Inflation.” We know that the government is spending unprecedented sums of borrowed and printed cash to ‘fix’ the economy… the money supply as measured by M2 is shooting up (at an annualized rate of 14% over the past six months)… but the threat of deflation remains.