Adrian Douglas: Deflation — nowhere to be seen
July 9, 2012 by goldguru · Leave a Comment
GATA
6:25a HKT Monday, July 9, 2012
Dear Friend of GATA and Gold:
Commodity price data contradicts complaints of deflation, GATA board member and Market Force Analysis letter editor Adrian Douglas argues today. Douglas writes that there hasn’t been deflation in the United States in almost 80 years and that some prices are showing increases of as much as 15 percent annually. Douglas’ commentary is headlined “Deflation: Nowhere to Be Seen” and it’s posted as part of his Market Force Analysis letter at GATA’s Internet site here:
http://www.gata.org/files/AdrianDouglasDeflationNowhere.doc
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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