Inflation/Deflation: The Economy Is An Elephant

By the1millionproject on The CapitalAuthored by Charles Hugh Smith via OfTwoMinds blog,This is the key dynamic of the economy going forward: defaults on debt, declining wealth as assets are relentlessly repriced lower and sharp declines in income due to layoffs and debt defaults.The economy is like an elephant surrounded by blindfolded economists and pundits: what each blindfolded person reports about the elephant depend on what part they happen to touch.Inflation/Deflation: The Economy Is An Elephant was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.
Go to Source
Author: the1millionproject

error: Alert: Content is protected !!