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jj
Looks like fairly accurate data to me. I wouldn't argue with John William's (Shadowstats.com) charts, several of which they show in the article. Metals and commodities data looks reliable. Can't say whether the historic ratios they mention (as do others) will be seen again, but I would not bet against it.
So powers, which of the charts are a lie?
jj
Lies, Damned Lies and Statistics. Im sure they are all 100% correct in what they measure. Would you like me to pull data that shows we have been in a deflationary cycle? Its out there, it is also 100% correct.
The data isnt the problem, its the data he is choosing to share. IE I could show you a chart of houseing prices over the past 3 years and claim we are suffering from massive deflation, I could also show you a chart of giold prices and claim we are suffering from massive inflation...
Yep, show me where we have been under deflation since 1900
jj
That's just down right easy. Since 1900 the cost of transportation has been falling dramatically. Just look at the % of household income spent on covered wagons and buggywhips.
If that doesn't work for you we could chart the cost per unit to produce say... A tshirt by % of the overhead. Again it would show a huge increase in the buying power of the dollar.
I'm on my Iphone otherwise I would make some pretty charts with obtuse titles and colored lines.
Inflation will be comodities we use every day going up.
Deflation will be the value of property going down.
Till we all run out of money.
jj
It sure makes trying to figure out the future, er, "interesting." There are some sharp people in the inflation camp, and some sharp people in the deflation camp. I notice that many of them believe there will be deflation and inflation, but they differ as to which one will come first.
...IMHO people will abandon durable goods and buy consumeables. Which is pretty much exactly what JJ just wrote.
Cherry picking again huh Well lets get down to the bare bones then. Transportation by feet (Lamberfeeties) How much did an American pair of shoes or boots cost in 1900 and how much does an American shoe or boot today?
jj