Deflation is bad.

Just ask Japan.

Interesting post on the day when the CPI numbers come out and put up a doozy of a print. I am sure Peter Schiff is going ape shit on this one. The inflationists are head over heels on this one.

My bet is that the Velocity of Money number that comes out for the second quarter will show another decline.

Ironic that the VOM of Bitcoin is likely worse than the USD which is at pathetic levels.

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