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Old 10-04-2011, 08:08 AM
 
Location: San Diego California
6,797 posts, read 6,626,572 times
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John Williams: US Stuck in Recession--Hyperinflation Delayed but Still Coming Temporary Growth has been

While the mainstream media was talking recovery and green shoots, Shadow Stats was saying things were much worse than the government was saying.
Turns out, they were right, so what does Shadow Stats say is in store going forward? Listen to the interview and comment if you think John Williams is right or wrong.
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Old 10-04-2011, 12:22 PM
 
5,409 posts, read 10,331,858 times
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Quote:
Originally Posted by jimhcom View Post
John Williams: US Stuck in Recession--Hyperinflation Delayed but Still Coming Temporary Growth has been

While the mainstream media was talking recovery and green shoots, Shadow Stats was saying things were much worse than the government was saying.
Turns out, they were right, so what does Shadow Stats say is in store going forward? Listen to the interview and comment if you think John Williams is right or wrong.
I agree that the "Recovery Act" money, along with TARP and the rest of the bailouts were only brakes to keep the car from going off the cliff as we continue the downward path.

THAT is a GOOD thing in that regard. For optimization -- it coulda/shoulda been applied to the bottom end more heavily as that actually does trickle up through the economy.

But with SO MUCH imaginary wealth evaporating out of existence by Real Estate "correcting" to its true value -- I do not see how replacing some of that wealth in the form of currency necessarily points to inflation -- let alone Hyper-inflation.

This a full-blown Deflationary Depression. We can pump money into this hole and it just keeps going. It is not backing up and causing inflation. When the new re-ordered order of values stabilizes, if there is surplus currency causing inflation we pull the surplus currency back out via taxes and higher interest rates.
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Old 10-04-2011, 04:09 PM
 
Location: Near a river
16,042 posts, read 20,050,173 times
Reputation: 15719
re: Williams interview

"GDP absolutely worthless, completely out of touch with reality...the problem lies in biased and often-manipulated government reporting."...employment is the real measure... "Payroll employment is now below what it was 10 years ago...how can you say you're in a recovery when your employment is below what is was a decade before???" (exactly)..."We're still deep in recession here..."

Last edited by RiverBird; 10-04-2011 at 04:18 PM..
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