Tuesday, December 20, 2005

DOES PPI MEAN ANYTHING IN A DE-INDUSTRIALIZED ECONOMY?

Amazingly, all the of key economic "numbers" seem to be based on an AMERICAN ECONOMY THAT IS INDUSTRIALIZED...

But...it isn't...not anymore.

So this "lack of inflation" in the "numbers" is mostly due to all those BOATS FROM CHINA... But:

Take a look at housing and health care...no inflation?

Or energy and gas...no inflation?

Or local taxes and fees...no inflation?

Or insurance premiums...no inflation?

Or food prices and consumer staples...no inflation?

So much of Wall Street depends on the Big Lie...that the Big Lie seems to have been institutionalized as the only thing that really matters to the financial community.