A Quote by Gary Shilling
Despite the recent conviction of many that we're headed back to inflation, I think deflation remains the more likely prospect. You've just got too much excess capacity in the world.
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we live in a world of excess: too many kinds of coffee, too many magazines, too many types of bread, too many digital recordings of Beethoven's Ninth, too many choices of rearview mirrors on the latest Renault. Sometimes you say to yourself: It's too much, it's all too much.
In the simplest terms, inflation occurs when there's too much money in the system. On the flip side, deflation occurs when there are too few dollars in circulation.
Deflation isn't good, and inflation is easier to cure than deflation.
Near-zero policy rates that may be considerably expansionary in an economy with high inflation could be contractionary when inflation is too close to zero, or worse, deflation has set in.
When they say inflation is bad, deflation is good, what they mean is, more money for us 1% is good; we're all for asset price inflation, we're all for housing prices going up, and we're all for our stock and bonds prices going up. We're just against you workers getting more income.
With QE3, we are essentially being bought out with our own money...and unemployment is being used to facilitate this process in a very clever manner. Monetary inflation is currently being offset by labor deflation. The way you avoid collapse is by printing money and stealing assets. The way you avoid inflation is with labor deflation.
Inflation is not always the main problem, or indeed a problem at all. Sometimes, though rarely, deflation is a more serious threat, and we need to shelve many of the orthodoxies we have held so dear.
Because food and energy prices are volatile, it is often helpful to look at inflation excluding those two categories - known as core inflation - which is typically a better indicator of future overall inflation than recent readings of headline inflation.
There are so many empty headed people in the fashion business who take themselves way too seriously and I don't think I am at all like one of them. To me there are lots more important things in the world than just having the right shoes!
I am bound to add that the excess in too little has ever proved in me more dangerous than the excess in too much; the last may cause indigestion, but the first causes death.
When we get out of highschool we'll look back and know we did everything right, that we kissed the cutest boys and went to the best parties, got in just enough trouble, listened to our music too loud, smoked too many cigarettes, and drank too much and laughed too much and listened too little, or not al all.
As the prospect of a Tory government gets nearer, many traditional Labour voters - some who switched away in recent times and many who stayed at home - seem more determined to prevent that happening.
We are in effect making a - to some extent, making a choice between future inflation and getting our - getting off the floor. And we're likely - we're likely to have more inflation in the future as a consequence of the things we do to fight the present situation.
Now, brethren, this is one of our greatest faults in our Christian lives. We are allowing too many rivals of God. We actually have too many gods. We have too many irons in the fire. We have too much theology that we don't understand. We have too much churchly institutionalism. We have too much religion. Actually, I guess we just have too much of too much.
Too many vacations that last too long, too many movies, too much TV, too much video game playing - too much undisciplined leisure time in which a person continually takes the course of least resistance gradually wastes a life. It ensures that a person's capacities stay dormant, that talents remain undeveloped, that the mind and spirit become lethargic and that the heart remains unfulfilled.
Excess of love, did ye say? There was no excess, there was defect. She loved her son too little, not too much. If she had loved him more there'd be no difficulty.
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