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Bernanke boy, it’s both!

                Sure, Ben today said that he is still worried about deflation, and not inflation.  The unemployed and in the middle class are wondering where the hell in Ben from.  The middle class is having a severe devaluation of their purchasing power and savings.  So for those, it is a serious period of inflation because they are making less but spending the same for fewer things.  Sadly, we are also having deflation of assets because there is still a large credit bubble bursting.  Home prices are nowhere near the levels that can be supported by income.

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