Are Financial Markets Portending Deflation?
Kel Kelly @ July 31, 2008 # No Comment Yet
Mathematics tells us that prices, economy-wide, cannot continually increase without additional money entering the economy. “Prices” includes not only consumer prices, but the prices of stocks, bonds, commodities, real estate, oil, gold, and even aggregate corporate revenues and GDP. The new money which pushes prices up is created by the central bank(s) and its member […]