Inflation not the cause of every price increase
Christopher Galakoutis
Friday, February 5 2010 9:49 AM

Costs continue to go up for the goods and services that Americans consume on a daily basis.  While today we can all buy stocks, real estate and fill up our gas tanks with fewer dollars than in 2007 and early 2008, the costs of other items continue to go up.  For instance, I just received a bill from the CT Secretary of State for the fee I pay every year for my LLC.  The fee has doubled.  Inflationists point to this type of thing and argue that this is a sign of inflation.

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Beware the Hin-DEBT-burg
Christopher Galakoutis
Wednesday, December 9 2009 10:27 AM

The following contains excerpts from a commentary made available to MurkyMarkets.com subscribers on December 6, 2009.

A blinding affliction can be seen with the gold bugs.  Make reference to a strong dollar and falling gold, and you must be a supporter of the central banks, as well as the powerful families with cross-border tentacles that stand behind them.  In our case, nothing could be further from the truth.  We must put politics and other biases aside if we are...

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Only a new credit bubble (that isn’t coming) staves off deflation
Christopher Galakoutis
Monday, November 16 2009 9:52 AM

The following is an excerpt from a commentary made available to MurkyMarkets.com subscribers on November 6, 2009

The next issue I wanted to write about in this post is this whole notion of ballooning reserves at the Fed, and how we get to...

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Curtain call for Inflationary run
Christopher Galakoutis
Friday, October 23 2009 1:32 PM

The collapse of 2008 occurred because the US was clearly on an unsustainable path of excessive consumption and speculation, financed by credit.  Debts are IOU’s with repayment terms, which means debtors must pay interest to creditors; b...

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Gold understands that liquidity rallies do not create jobs
Christopher Galakoutis
Thursday, October 8 2009 7:22 AM

Outside of minimum wage jobs and Wal-Mart poverty line work, today’s US economy appears unable to create good jobs.  If the US economy cannot create new jobs, Americans will be in no position to save and invest for their futures, nor wi...

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