NFTRH 204 went like this… Crazy talk about the Outer Limits and complete control in the opening segment (It’s All Out the Window Now)
and a serious talk about the DML (Dear Monetary Leader), deflationary
destruction and the Crack Up Boom in the Wrap Up segment. In between
was a whole lot of nuts and bolts functional analysis of the situation.
Anyway, here’s the other half of the bookend…
i2k12 Back With a Bang
Dear Monetary Leader is ushering in a brave new world and we will
have to be nimble and ever in possession of a functional filter or
better yet, bullshit detector. I believe this is it, the beginning of
the end game. It is funny to think that so many months ago this letter
had come up with another one of its little buzz phrases in ‘i2k12’
(inflationary 2012), which I had imagined holding sway in the second
half of 2012 after the deflation scare had reloaded the will of policy
makers to inflate.
