{"id":57022,"date":"2021-03-08T17:44:02","date_gmt":"2021-03-08T22:44:02","guid":{"rendered":"https:\/\/olduvai.ca\/?p=57022"},"modified":"2021-03-08T17:49:37","modified_gmt":"2021-03-08T22:49:37","slug":"too-busy-frontrunning-inflation-nobody-sees-the-deflationary-tsunami","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=57022","title":{"rendered":"Too Busy Frontrunning Inflation, Nobody Sees the Deflationary Tsunami"},"content":{"rendered":"

Too Busy Frontrunning Inflation, Nobody Sees the Deflationary Tsunami<\/a><\/h3>\n

Those looking up from their “free fish!” frolicking will see the tsunami too late to save themselves.<\/i><\/p>\n

It’s an amazing sight to see the water recede from the bay, and watch the crowd frolic in the shallows, scooping up the flopping fish.<\/b>\u00a0In this case, the crowd doing the “so easy to catch, why not grab as much as we can?” scooping is\u00a0frontrunning inflation, the universally expected result of the Great Reflation Trade<\/b>.<\/p>\n

You know the Great Reflation Trade:<\/b>\u00a0the world has saved up trillions, governments are spending trillions, it’s going to be the greatest boom since the stone masons partied at the Great Pyramid in Giza. It’s so obvious that everyone has jumped in the water to scoop up all the free fish (i.e. stock market gains). Only an idiot would hesitate to frontrun the Great Reflation’s guaranteed inflation.<\/p>\n

Unless, of course, what we really have is\u00a0a tale of reflation, told by an idiot, full of sound and fury, signifying nothing.<\/i><\/b>\u00a0Everyone frolicking in the shallows scooping up the obvious, easy, guaranteed gains is so busy frontrunning inflation that nobody sees the tsunami rushing in to extinguish the short-sighted frolickers. (\u00a0When Does This Travesty of a Mockery of a Sham Finally Implode?<\/a>\u00a03\/3\/21)<\/p>\n

Gordon Long and I discuss\u00a0The Deflationary Tsunami<\/a>\u00a0racing toward the frolickers in a new video program.<\/b>\u00a0It’s not that there aren’t inflationary dynamics in play; there are. The issue is that not all the dynamics in play are inflationary, and the deflationary dynamics have been building for the past two decades.<\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Too Busy Frontrunning Inflation, Nobody Sees the Deflationary Tsunami Those looking up from their “free fish!” frolicking will see the tsunami too late to save themselves. It’s an amazing sight to see the water recede from the bay, and watch the crowd frolic in the shallows, scooping up the flopping fish.\u00a0In this case, the crowd […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[24078,195,202,426,587],"class_list":["post-57022","post","type-post","status-publish","format-standard","hentry","category-economics","tag-charles-hugh-smith-2","tag-debt","tag-deflation","tag-inflation","tag-of-two-minds"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57022"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57022\/revisions"}],"predecessor-version":[{"id":57023,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/57022\/revisions\/57023"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}