Mish's Global Economic Trend Analysis Thu 2010-08-26 15:11 EDT
"Contained Depression"
Kevin Feltes, an economist for the Jerome Levy Forecasting Center, solicited my opinion on a couple of their recent articles. Levy comes down on the side of deflation, as do I. However, the devil is in the details...That Levy managed to come to what I believe is the proper overall conclusion stems from Levy's rock-solid case presented in section 2: Why Aggressive Monetary Policy Isn't Causing and Won't Cause Inflation...
contained Depression; Mish's Global Economic Trend Analysis.