Bill Fleckenstein On Depression, Inflation, China, Stocks And QE… “When they say deflation, they mean depression. The term has been so bastardized it is ridiculous.“
KingWorldNews.com
Oct. 23, 2015
With continued uncertainty in global markets, today King World News shares a Q&A from one of the greats in the business.
Included below are five questions and answers from today’s Q&A with Bill Fleckenstein. The questions are from his subscribers and they get to read Fleckenstein’s answers every day.
Bonus Q&A
Question: Golly, a country can have good deflation: “Switzerland is seeing steady economic growth and low jobless rate despite deflation.” – WSJ 10/18/2015
Maybe many more economists and money managers will soon realize this.
Answer from Fleck: “When they say deflation, they mean depression. The term has been so bastardized it is ridiculous.“
Question: Hi Bill, just a comment from the “no inflation” world I live in. I have Blue Cross-Blue Shield health insurance, and it’s a grandfathered plan. I just received my premium notice for next year. It’s going up 39.6%. Should I be happy I’m dong my part to help the country reach it’s 2% inflation goal?
Answer from Fleck: “Ouch. That is so maddening.“
The Rest…HERE
