First Deflation, Followed by Inflation?Submitted by ecorob on Fri, 01/01/2010 - 14:22
Is this a sign?
Two days a go General Motors (GM) announced that they were slashing prices on certain vehicles. Some amounts as high as 6500-7500 dollars! They needed to move inventory by January 4th.
I called Memphis, St. Louis, Nashville and other cities to inquire about a car. ALL of the advertised vehicles that I was interested in were GONE!
They sold the cars. They moved the product.
Is this what we can expect to see more and more of?
Will this be followed by inflation, perhaps, hyper inflation?
Can we, should we, ignore the obvious of what is happening around us?
I'd like to hear your thoughts.