There are two major schools of thought on what is coming next…and two renegade, home-schools too. There are those who believe we have a recovery…though weak…that will continue and eventually bring the economy back to health. This is the line of the Obama Administration and most mainstream economists.
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Latent Hyperinflation “Like Lighter Fuel on a Camp Fire�
The Daily Reckoning perspective is one of “soft-core deflationismâ€?… where the economy looks likely to experience both less recovery and more deleveraging than most prognosticators probably now anticipate.
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