Tweet
The guy must read iTulip.
http://finance.yahoo.com/tech-ticker/why-bob-prechter-is-wrong-on-deflation-ben-bernanke-%22wants-inflation%22-431057.html?tickers=TIP,TBT,UUP,GLD,TLT,^DJI,FXI
Not so fast, says Peter Boockvar, equity strategist at Miller Tabak, who believes inflation remains a bigger long-term threat to the market and U.S. economy.
"It's the reaction to the potential deflation that gets to the inflation," Boockvar says. "The more deflationary type steps we see, the more money printing that will go on around the world that will set us up for that inflation. More deflation will eventually get us more inflation."
It may seem somewhat convoluted logic, but Boockvar's point is that global policymakers will do anything and everything to fight deflation, most definitely including Fed chairman Ben Bernanke.
http://finance.yahoo.com/tech-ticker/why-bob-prechter-is-wrong-on-deflation-ben-bernanke-%22wants-inflation%22-431057.html?tickers=TIP,TBT,UUP,GLD,TLT,^DJI,FXI
Not so fast, says Peter Boockvar, equity strategist at Miller Tabak, who believes inflation remains a bigger long-term threat to the market and U.S. economy.
"It's the reaction to the potential deflation that gets to the inflation," Boockvar says. "The more deflationary type steps we see, the more money printing that will go on around the world that will set us up for that inflation. More deflation will eventually get us more inflation."
It may seem somewhat convoluted logic, but Boockvar's point is that global policymakers will do anything and everything to fight deflation, most definitely including Fed chairman Ben Bernanke.