muses of the moment

January 28, 2012

Misc links

Latest from John Williams from

– Net of Involuntary Inventory Build-Up, GDP Growth Was 0.8% Instead of 2.8%
– Durable Goods Orders and New Home Sales Still Show Stagnation
– Fed’s New PCE Inflation Target Is Inconsistent with Plans for Ongoing Easing

Final revised GDP is 1.7%. Click here. Just a reminder than the US bank “stress tests” required at least 2%, which after final “revisions”, we haven’t seen.

Some good interviews over at KWN with Gerald Celente and Jim Rickards.


  1. Williams believes that we will have hyperinflation. Armstrong argues against it. Armstrongs definition of hyperinflation usually reflects back upon what happened in Pre WWII Germany or Argentina. What is Williams definition of hyperinflation? 10% per annum? 30? 1,000?

    Comment by MikePhila — July 5, 2012 @ 8:46 pm

  2. I don’t know that he has a percentage. You might check his Hyperinflation Report available free on his site,


    Comment by totallygroovygirlfriday — July 7, 2012 @ 9:30 am

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