I read that there are fears that inflation may not be such a problem, but deflation. And gold is supposedly a good tool against inflation. But when there is deflation.... what then? Money in the mattress?
Money would increase in value over time but would you want to have cash in your hand when the world economy is not looking too flash?
I'm not overly worried about the global/NZ economy but willing to listen to others thoughts/opinions/research.
Also this part of the iPredict Forum had not been used since 2009. So thought we should bring it back.]]>
Was it not obvious that unemployment is being under reported throughout this crisis due to the births/death modelling
“It’s a huge number, much more than usual,” said Nigel Gault, chief U.S. economist at IHS Global Insight. The government’s models “tend to assume dying firms get replaced, but that didn’t happen.”
[blogs.wsj.com]
This graph from calculated risk is quite striking
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