Thursday, June 21, 2012

The Return of Deflation

I think it is officially safe to say deflation has returned and the 3+ year reflationary bear market rally is over. Oil and commodities are collapsing, the stock market has turned to the downside, after horrendous technical conditions and non-confirmation warning months in advance of this top, and all you hear from the pundits on television is "don't panic, this is not a time to sell". They will be saying that all the way down until the bear market low, just as they did from 2007-2009. Except this time, its wave C of the bear market, and should be stronger, last longer, and ultimately do much more damage. Neil Cavuto recently interviewed Bob Prechter again. Once again, another great conversation with excellent unconventional insight.


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  2. Too true. Inflation is surely not anywhere in sight. In fact, I find the entire inflationist argument a joke.