deflation, but

[hardnox]

it is all in the timing. As the saying goes, "what's the difference between being early and being wrong?" Answer is there isn't a difference.

http://www.telegraph.co.uk/finance/economics/11226558/Spreading-deflation-across-East-Asia-threatens...

The next global crisis is brewing but I just can't get comfortable with the extremes of sentiment in the commodites (broadly speaking, bearish) and the currencies (dollar short squeeze).

So I'm thinking the action starts sometime in the not too distant future but not just now. What I really need to do is develop a tripwire for action- the point where I decide I'm wrong and need to make a move.

Forum is a daily delight of novel economic theories and no doubt my take here will flush out a few but, broadly speaking, what do you get when you have a lot of global "wealth" that is concentrated among few people? You get capacity to produce things. Who buys those things? Not enough people.

And here, in the EU in particular and elsewhere, the high righteousness of the Hyperinflation Tomorrow crowd limits any help from the policy side.

And so it goes. William Jennings Bryan is spinning in his garve, what, with all these farmers now the hardest of hard money types. Also known as turkeys voting for Thanksgiving.

[Hobbyfarmer]

Just taken you a week to start lashing out at us after your hero's got thumped last Tuesday.

[hardnox]

OK, whatever.

But I'd caution you that decisions made on the basis of the "information" that you receive daily and the things you "just know" might not be the best.

But hey, it's your dime.

[sw363535]

Run him back in and get the fence hot.   Wow it is cold out here.

[Jameshh1964]

SW,
It was so cold here in Oregon yesterday, it took 20 minutes of persuasion and coercion to get my spoiled rotten dog to go outside in the morning!

[Palouser]

William Jennings Bryant would be throwing a party !!! No cross of gold to hang farmers on. Course, that means the Grange is defunct with no real purpose anymore because the RRs won. Don't see any Grangers picketing Warrren Buffet even though he's ironically sort of on their side - except he's got oil and coal to ship before he gets around to moving grain and beans to China.

NOT ONLY THAT !!!! Farmers are the anointed and the government has really been helping them out with welfare and mandates! WJB would fall back into his grave at that news !!! True, the middle class is failing and the oligarchy doesn't give a **bleep** because they are unAmerrican in their failure to borrow more money on their credit cards at loan shark rates to run their old machine after the Golden Goose was accidentally cooked at a wild party with strippers in the Wall Street real estate divisions of the banks.

Inflation??? Caused by who??? Who's going to cause currency to circulate? Not the banks cause they won't lend. Not the consumer because their already looking up out of a hole the financiers barely glance into as they walk by to their offices! Not Congress doing their bidding to improve their resume for Wall Street or being guns for hire (ala ex Congresssmean being PR flacks for Russian banks and countries that end in 'stan') when they're thrown out. No time to hel;p the middle class as helping them is against party ideology and a sure way not to get a cushy job like Paul Ryan on Wall Street lawyers office w/o any experience.

WJB was for farmers because they were a significant part of society at the time and getting a raw deal. Me thinks he would be a populist politician for the low man but it wouldn't work now. No populists for the common man no more!

[hardnox]

Hi Pal,

I enjoy the conversation, too bad I have to wade through the three monkeys crowd to find it.

Have always wanted to see the Palouse country, maybe I could arrange to make it out there and buy you a cup of coffee.

Best, h

[Palouser]

You're certainly welcome to the Palouse - land of no straight lines, no level ground and if you text while driving you're going to die (and several have). If you want to see something twice you have to back up. There are holes 2000' feet deep and at the bottom there are often rivers and huge chunks of concrete. If they're deeper than that it's hard to tell what might be down there but you'll probably have a paddle in hand.  Flat lava flows more than 3000' feet deep covered with dunes of fine soil hundreds of feet thick. Except where inconceivably gargauntuan floods, the biggest the earth has ever seen, have ripped through dozens of times and violently washed away the soill and literally ripped the flat lava flows apart and created the 'Channeled Scablands' and canyons we call coulees.

June it's shades of green and July starts turning shades of gold and brown. Google 'images' and 'Palouse Hills' and farming. YouTube has good stuff too.

[Jameshh1964]

Palouser, that was real close to poetic.  I may have to drive East and buy you a cup of coffee myself and get out of this mudhole in the Willamette Valley for a few days! (Jenny finally made it rain, but I think she is over doing it a bit.)

[hanktbd]

"Turkeys voting for Thanksgiving". Interesting image comes to mind and pretty apt analogy. Unfortunately here in Illinois the choice was between voting for Thanksgiving or voting for Christmas or more precisely one candidate for Governor is bound and determined to run all private businesses out of the state and the other has made a career of shipping them out of the country. The turkeys are likely to be lunch either way.