April 18, 2004

The money pump. "The stock and bond market bubbles, followed by the real estate bubble, are effects of monetary inflation flowing into financial assets. But consumer price inflation has been low or non-existent, right? Many of us think that inflation has been in the 7-10% range for some years now, but has been hidden by government manipulation of the inflation measure .. Evidence of rising prices is now leaking into the indexes [and] awareness of inflation now hitting the mainstream .. ".More "Inflation Goes Public". Posted by Greg Ransom | TrackBack