Quote:
Originally Posted by sri_idea
Wiseman has posted a few jokes before but this one tops it all.
Deflation !! ...does he not read the papers or watch the news ?
In India people are taking to the streets on the oil price rice, food price rise...the PM has made a statement conceding that the prices will rise for a while
In the UK the VAT rise coming up beginning of next year will push the inflation up from its present 3.5% (which, based on historical data is already high) ...
Interest rates are set to increase n most countries.
I agree with the general uncertainty in the market...but however eloquently someone say 'deflation' can't buy it...
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Seems wisey is not alone on deflation. See what Krugman says
http://www.nytimes.com/2010/07/12/opinion/12krugman.html?_r=2&partner=rssnyt&emc=rss