Financial Market Credit Freeze Still On. (Welcome to the Depression)

You may not have connected the dots when the $700B bailout went from one thing to the other, when the one thing didn't free up the credit market.

(scroll down halfway through the article)

The frantic efforts of the government to get the economy skyrocketing again will fail, because there is a glut of capacity in every sector but energy. Inventories of everything that "they" just keep right on making are rising. And the good are sitting, waiting for buyers.

Ya know what happens when stuff sits and nobody buys it? The price falls until there is a buyer.

Ya know what happens when nobody is borrowing money? There is less money (fewer dollars, not just fewer transactions) in the economy.

Ya know what those last two paragraphs are definitions of? Depending on whom you ask, either one of those is the definition of...

drumroll please...

Deflation

That's it, I'm calling it. I called it before, but this is the no-joke, I mean it this time, O-Fisshul Calling It Now Call.

The world's economy is in deflation.

Have a nice day. And good luck keeping your job.

P.S. I'm glad I didn't decide to be an over-the-road truck driver a couple of years ago, when every one of them was getting a good job for good wages. Family considerations were behind that decision then. Now, it's looking like not such a good industry in which to be, generally speaking.