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IPFS News Link • Economy - Economics USA

Economy is Like a Bouncing Ball - Each Bounce Lower Than the Last

04-09-2010 • Businessinsider.com/

— but it’s like a rubber ball … it bounces up temporarily and then heads back to the floor and then bounces again but with less veracity, to again hit the floor and so on. That is the economic performance and outlook — brief bounces but the overall trajectory is down, not up. The primary trend, and this is definitely not in the mainstream, is one of deflation, not inflation. The fact that so many believe in inflation makes this theme that much more appealing. Remember Bob Farrell’s Rule number 9: “When all the experts and forecasts agree, something else is going to happen.” The most dangerous thing anyone can do right now is follow the herd mentality, and yet that is exactly what is starting to happen.

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Reported By Jack Gregson

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