Dylan Grice: “There Is A Widespread Perception That Something Is Very Wrong”

Monday, November 4, 2013
By Paul Martin

by Tyler Durden
ZeroHedge.com
11/04/2013

One increasingly reads of capital stewards complaining that things seem more difficult today. We think it’s because they are. We are also increasingly mindful of conversations with friends, family and colleagues that reveal a widespread perception that something is very wrong, though people can’t quite put their finger on what it is. As we have just argued, we think the answer is that the inflation of credit has driven an inflation of asset prices, which has driven an inflation of future expectations, which has driven an inflation of time preference… and that while the consequences of these various inflations are profound, the new language of ininflation which it has spawned is shallow.

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