Jim Grant: "Everyday Low Prices" Ending
Courtesy of Karl Denninger, The Market Ticker
Jim Grant gets this right: Bernanke is telling you that what you do every weekend – go out into the marketplace looking for low prices – is something he intends to destroy.
READ THAT AGAIN: HE INTENDS TO TAKE "FALLING PRICES" – WALMART’S ENTIRE BUSINESS MODEL – AWAY FROM YOU ON A PERMANENT BASIS!
Listen around 5:00 in here – if this doesn’t explain how you are going to get screwed by QE2 in a form you can understand nothing will.
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