…this period was not one of deflation. Wanniski then suggests real wealth did not rise from 1971 to 2004 even if nominal wealth grew by over 8% per year. My…

…the 1970s failed to reduce our trade deficit, the deflation forced on Japan in 1985 similarly failed to reduce our trade “imbalance” … Let’s remember that the period from 1985…

…deflation and inflation. But the common link between the two has given the yuan global financial confidence while at the same time giving the U.S. enormous leverage over the Chinese…

…do not see the same alleged deflation for the late 1980’s or late 1990’s. Beyond that, I’m not sure what a comparison of the level of the yuan/$ nominal exchange…

…the current Board of Governors of the Fed is primarily to keep the inflation faced by consumers low while avoiding deflation, and then secondarily to improve the current employment situation,…

…then need to worry about the serious negative consequences that it would have. In particular, countries that are flirting with deflation (e.g. Japan, Germany) could be pushed over the brink…

…2001. By the way, pursuant to the discussion about yesterday’s CPI data, this recent rise in capacity utilization is why I am no longer worried about possible deflation in the…

…last 20 years were characterized by homeowners paying down debt – i.e. investing equity! Equity extraction peaked in the middle of 2003 at a time where the FOMC saw deflation…

Higher Rates in Europe, Too? The markets took to heart Greenspan’s comments about the danger of deflation receding, and bond yields rose to their highest level in months. Some of…

…word (because I certainly believe that he has been wrong about things before), but apparently Greenspan agrees with my earlier assessment that the danger of deflation is behind us. Kash…