[NVDave]

The inflationistas have been deriding David Rosenberg’s prediction for a “two handle” on the 10 year for months and months now.

Hmmm.

The CPI and PPI prints suggest that we not only have no inflation, we have slight deflation - for the past two months (CPI) and three months (PPI).

And now, the 10 year has a two handle.

Where oh where is the inflation that the bulls were worrying about?

[Southack]

Government debt is deflationary.

Demographics are deflationary when you have 77 million Baby Boomers hitting retirement age from 2007 to 2025 (all of whom desperately want to get out of their mcmansions and into little retirement condos).

The loss of credit availability to the private market is deflationary. The world has 50% less credit availability today compared to 2006.

Rising unemployment is deflationary.

Global overproduction of goods, services, and buildings is deflationary. The world has too many shopping malls, too many cargo ships, too many cars, too many computers, too many aircraft, too many factories, too many office towers...in short, too much of everything.

[FlingWingFlyer]

We're just having a recoveryless recovery. That's all.

sarc/

[PGalt]

Interesting. BTTT.

[Jet Jaguar]

Bump

[uncommonsense]

I guess in this area, people can rightly say it is Bush's fault. He had 8 years to reign in spending by proposing downsizing entitlements when things looked pretty rosy (people could stomach less spending when unemployment is 4.8%) and use his veto pen, but he hit the accelerator.

Now we have a communist congress and executive branch and sheeple think the cure is "not Bush". Some people are slowly waking up, but I think it's too little, too late with Axlerod and Soros pushing every marxist program of government economic controls that can be written. Now we have the Euro house of cards caving and Obozo won't be able to convince them to keep over spending.

Prepare for the worst.

[blam]

US Futures Shoot Lower After Horrible ADP (Jobs) Report