Sad America

We have all learned about inflation growing up but now we are about to learn about deflation. What is deflation well it is defined as a presistent decline in general price levels, typically accompanied by a severe contraction in employment and economic output. It might be a little early to declare that deflation is occurring but the signs of it are starting to pop up in the market. For example Gold is down 27% from its high this summer, and next year it is most likely that the Fed will cut the key interest rate to 0 percent.

We have a new president going into office that campaigned on the promise of “Change” however his definition of change is to put the same politicians in power. By his desire to have Hillary Clinton as his Secretary of State, and his seeking out of all of Bill Clinton’s old gang it would seem that change is just a flavor of Kool-Aid.

I am not saying that the current economic problem is because of Obama but you might want to look back a bit and you will realize that this all started during Bill Clinton’s administration