Some thoughts on the Current Economy

I’ve been following Peter Schiff, Jim Rogers, George Soros, Warren Buffett and Marc Faber lately.  I’ve also been watching Obama and Bernanke’s speeches.   And here are some thoughts about current state of the economy and where it is going: The recession is deflationary because the current price levels are the results of the excesses of the consumption and credit bubble.   After the bubble busted, there are an over-supply and over-capacity of everything:  oil, houses, cars, cloths, over-paid employees.  Deflation […]

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