Jesse's Café Américain

“Blood and power intoxicate; they help to develop callousness and debauchery. The mind then becomes capable of the most abnormal cruelty, which it regards pleasure; the man and the citizen are swallowed up in the tyrant; and the return to human dignity, repentance, moral resurrection, becomes almost impossible."
Fyodor Dostoevsky, The House of the Dead

Showing posts with label Shadowstats. Show all posts
Showing posts with label Shadowstats. Show all posts
13 March 2012

John Williams on the Retail Sales Number - A Brief Interlude on Hyperinflation and Deflation

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Although I am still firmly in the stagflation camp, I do allow at least for the possibility of a protracted deflation or a bout of serious...
28 January 2011

Despite the Miss on Expectations Today's US 4Q GDP Number Was Still a Puffball

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I just did not have the time or energy to do the work analyzing today's US GDP estimate for the 4Q10.  The drop in stocks and spike hig...
16 July 2010

ShadowStats: CPI-Alt Running 4.3%, Gold $2,382, Silver $139

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Something Weimar this way comes? There is almost no doubt in my mind that we will see these prices of $2382 for gold and $139 for silver. I ...
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