The debate between inflation vs. deflation is a false choice. This has been a running theme of mine: with currency debasement, inflation will soar on items we need (food, energy), while deflation will materialize for things we don't need (a second car, a boat, a second home in the desert) as the economy continues to deteriorate.
http://www.zerohedge.com/news/2013-03-12/japan-hike-utility-prices-14-19-inflation-surges-all-wrong-places
Tuesday, March 12, 2013
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