Originally Posted by
Daytr
What amuses me is that everyone is talking deflation, mainly due to oil & other commodities being smashed. However apparently inflation was in check when oil quadrupled in price as did many other commodities. The distortion by governments in reporting has lead us to where we are. If you can't trust that stats. what can you trust? We are now living in a world of bubbles, but the most significant is the government debt bubble & it can't go on forever.
I'm not saying that what we are seeing now is it, but at some point the massive debt levels of the likes of Japan, the US and parts of Europe will cause an almighty collapse. Unless of course there is massive reform, however I can't see that happening.[/QUOTE
I'm beginning to think this whole Black Monday thing has been over-rated. Sure it has been a good time to de-risk your portfolio, however, the slump has also presented some nice buying opportunities. The NZX seems to offer some good value stocks, and the low dollar helps. DYOR.