Detailed market commentary at The Market Ticker
(The Year 2012 In Review)
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|User Info||"It" Happened; entered at 2009-04-14 08:11:00|
Registered: 2007-07-24 NJ
-3.5% PPI YOY is the lowest since 1949. This is despite the Fed's numerous "liquidity" facilities and MBS, AGY, and TSY purchases. Deflation is winning, Bernanke is losing. Period. You cannot create inflation with wage deflation and rising taxes. Trying to inflate with those two realities present is political suicide.