Yes, I remember reading Mish saying that about 6 months ago. But as Obamaphiles like AK can tout the overwhelming success of the unemployment rate, it's nothing but blue skies. Until, of course, it isn't.
Chicken Little, the sky is not falling, no matter how hard you wish it. We will get a correction, and it will be significant, but it will not be the apocalypse.
no apocalypse in my opinion either but: You're a dipshit all it takes is a 50% drop in the market and accrued inflation of 300% over time and it's just as bad as the great depression with losses into the 80-90% for equities. People seem to forget that DEFLATION actually helped lessen the impact of the market crash and low wages , and increased the value of cash , during the great depression. That silver lining is highly unlikely the next fiscal rodeo.
Bernanke says the Fed is fighting DEFLATION!! There is NO INFLATION - only the threat of DEFLATION!!! This is why things like milk, meat and eggs are much more expensive now!! Or the prices of things at the market are higher while the amount inside the box is less (the REAL Deflation )!! Bernanke LOVES Obama because, rather than just inflate enough to prevent deflation and keep credit from collapsing, he is printing IN EXCESS TO THE MOON to drive up the market to new highs, giving Obama the fame and accolades he feels he deserves! Except that the Fed is independent, so that is not so. And THERE IS NO INFLATION!! But, there IS love between the Fed and Obama....
And the brainwashed masses believe him. Just read thru some of the threads on here and listen to these guys talk about that cruel, evil bogeyman called "deflation". They even condone all of the hedonic adjustments to mask the stealth inflation we all get to enjoy in our everyday lives...because you have to remember that we will all die horrific deaths if "deflation" were allowed to persist for any length of time.
RCG has become like a little chipmunk who pops his head up out of his hole and throws and insult or two and an occasional complement to his "team", as the liberals like to say. Then he pops his head back down to avoid the incoming barrage while he plans his next attack. What's the point? It must have some meaning in the chipmunk world.