Deflationary Trend (Temporarily) Masked by Free Lunches

November 20, 2009 10:30am by Barry Ritholtz

The Quote of the Day comes to us via Bloomberg’s Alice Schroeder:

“We’re in the midst of a deflationary trend that is temporarily being masked by inventory restocking and free lunches like Cash for Clunkers. Consumers are done with borrowing. They’ll keep refueling the deflation by going through their attics and garages to find stuff they can sell on Ebay to raise cash.”

–Gold Tells You U.S. Bubble Hasn’t Popped Yet

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