11/10/10

London Silver Update: "Only Entities Short Are Fed-Backed Banks. Nobody In Their Right Mind Would Be Short Here"

Simon Black On The Growing Phenomenon Of Shadow Inflation: "Value Deflation"
Some sobering observations by Simon Black, a/k/a Sovereign Man, whose Notes from the Field today comes from Pattaya, Thailand, where he discusses the ever growing threat of "shadow inflation", aka providing smaller portions, fewer services, and generally less bang for the buck: a process Black calls "value deflation."

A Classic Stop And Squeeze: The Fed-PD-Fed Free Money Arbitrage