US Hyperinflation Is A Myth


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    As I said up thread: “it will be more than a little
    interesting to see just what transpires over the next 5 years.
    Inflation? Deflation? Stagflation? Collapse? Business as
    usual? Who knows? I’ll bump this thread yearly at least for an

    So, I’m a little late, but may as well get started… and nowhere
    better to start than with Walayat, who has been consistently
    correct in his calls. The key facts are:
    DOW, early Feb 2013 – circa 13,500
    DOW, late Apr 2014 – circa 16,300
    …. and S&P, etc., to match.

    Stock Market Bears Wrong Again, Apple to Push Dow to New All
    time High
    Apr 24, 2014 – 04:34 AM GMT
    By: Nadeem_Walayat
    Despite continuing perma bearish diatribe of why the stocks
    bull markets demise is always imminent, instead the general
    stock market indices such as the S&P have been setting new all
    time highs with the Dow set to imminently make its next all
    time closing high that follows on strong corporate news from
    the tech giants such as Apple and Facebook.
    So to answer the question – Is the stocks bull market over?
    NO! No sign whatsoever that this (what people decades from now
    will look back on as being the greatest bull market in
    history) bull market is anywhere near being over!
    The subsequent price action closely matched my trend
    expectations as the Dow bottomed at around 15,250, and then
    began its volatile climb to set a new all time intra-day high
    on 4th of April 2014 at 16,631, just failing to break its
    closing high of 16,577 of 31st December 2013 by 5 points
    My next in-depth stock market analysis will follow early May
    2014, following the completion of my latest ebook in the
    Inflation Mega-trend series by the end of this month. Ensure
    you are subscribed to my always free newsletter to get BOTH in
    your email inbox.


    Walayat actually does give all this stuff away free, fyi.
    I last mentioned him here:

    US Hyperinflation Is A Myth

    Would that I had been smart enough to listen to his advice! On the
    other hand, it is OK to suspend judgement and just listen to
    someone for a good long while before adopting them as a
    personal authority in such matters, and taking action based on
    their opinion.


    Meanwhile, on a less-successful note:

    US Hyperinflation Is A Myth

    Re: US Hyperinflation Is A Myth
    February 12, 2013 at 10:51 pm #6917
    If inflation is happening at all, it’s temporary. Deflation
    has been underway for more than a decade….
    The Dow topped, S&P is topping today, and the NASDAQ is only
    a week or so behind….

    The World According to The Automatic Earth – A 2013 Primer Guide

    Re: The World According to The Automatic Earth – A 2013
    Primer Guide
    February 16, 2013 at 8:50 am #6935
    The crisis of 2008 isn’t over. What we were concerned about
    then is still very much on the cards. We’ve had a longer
    reprieve than we had expected in between phase I and phase II
    of the credit crunch, but that reprieve appears to be over.
    There are strong signals of an impending market reversal,
    indicating a coming shift from euphoria to concern and then to
    fear. The optimism we see at the moment is simply
    characteristic of a top. Things always look really good from
    the peak of a bubble, but at that point there’s nowhere to go
    but down.


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