Inflation

Wednesday, February 06, 2013 Francisco Carneiro 0 Comments

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Since 1749, wholesale prices have risen 1.3% per year on average, but in war years, including the Cold War and the more recent War on Terror in the Middle East, the average increase was 5.8%. In contrast, in peacetime, prices actually have fallen 1.2% per year on average.

A.Gary Shilling, from the best newsletter Insight

My thesis is that there is too much of everything, to much supply and the conclusion is deflation, unemployment and poverty! The way out of this is to be different, don't try to be the best but different.