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It's apparent you don't appreciate fully the situation that we were in, when you make statements like "piss deflation".
If, in a short period of time (months) you witness the CRB collapse 50%, the equity markets collapse 50% and Real Estate collapse 50% + and credit freeze (cash hoarding), this is not piss deflation (as if that is even a term). I assume because you think representation by CPI at -0.04% yr/yr is a small number that somehow makes the deflation in assets above non-threatening or normally corrective. You simply don't understand the mechanics and the cause and effect of deflation. You should read a bit on it from an economics text book.
Then you pontificate on the minor differences in circumstances that make deflation today impossible (when the actual prevention was the injection of liquidity you ae arguing against). Tulip Mania, South Sea Bubble, Rail Road Bubble, Great Depression all had differences, too. Yet, deflation wiped them all out equally the same.
I've given hard examples of large, healthy businesses, and leaders of countries calling on behalf of businesses saying, "wtf, we can't access the liquidity we need to operate". You hand wave it away by saying "yeah, but there were some businesses that had liquidity" as if the spread in a few short days from investment banks > banks > insurance > GE (example) was obviously going to stop right there. An assertion without merit.
You conflate lack of credit in an economy that requires credit to function, with examples of people who abuse it, as if that explains why credit is bad and we need to return to an economic model from the distant past -- a total non sequitur.
You continue to argue against a position that I have never maintained (number of banks / too big to fail). As an aside, I point out Canada and you continue to argue against the strawman you created, moving the goal posts and now telling me to open my eyes as you explicate the difference between "socialist country" and human nature run amok. Spare me.
I'm not going to go around in circles with you anymore. Have a good weekend.
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