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Loan Modification

: Mortgage Lender Implode-o-Meter

Kevin Phillips on global inflation

By Implode-Explode Heavy Industries

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What will also be noted in the history books is that, during the late-20th and early-21st century, U.S. economists were far too busy patting themselves on the back for having engineered what appeared to be "The Great Moderation" to fully understand the important distinction between domestic inflation (think health care and education) and imported deflation (think clothing and electronics) which, when combined, produced what will be remembered fondly as "benign" inflation.

Full post as published by Mortgage Lender Implode-o-Meter on May 23, 2009 (boomark / email).

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