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Bernanke Speech Wordcloud And Text Summary: Mentions Of Inflation: 7; Deflation: Zero

Tyler Durden's picture


Below is the latest in our ongoing attempt to create artwork out of bureaucratic propaganda (or at least the 50 most popular terms therein). Some notes: total speech is 3538 words. Occurrences of word inflation: 7; deflation: zero.


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Fri, 08/26/2011 - 11:23 | Link to Comment achmachat
achmachat's picture

can't find "helicopter"!?

Fri, 08/26/2011 - 11:28 | Link to Comment trav7777
trav7777's picture

maybe because DELFATION is not a word

Fri, 08/26/2011 - 11:31 | Link to Comment SheepDog-One
SheepDog-One's picture

To hell with delfation.

Fri, 08/26/2011 - 11:34 | Link to Comment bankrupt JPM bu...
bankrupt JPM buy silver's picture

I cant find HOMOTRON

Fri, 08/26/2011 - 11:34 | Link to Comment Bananamerican
Bananamerican's picture

Death to Word Clouds...

they tell you precisely, squat

...especially when they are seeded by "leaders"

Fri, 08/26/2011 - 11:39 | Link to Comment franzpick
franzpick's picture

Chopper pilots who have landed after power failure know the missing word is 'auto-rotation'.

Fri, 08/26/2011 - 12:01 | Link to Comment Careless Whisper
Careless Whisper's picture

Rick Perry to take credit for keeping Bernank from committing treason.



Fri, 08/26/2011 - 12:53 | Link to Comment el Gallinazo
el Gallinazo's picture

Rick Perry was annointed by the Bilderbergers to torpedo Ron Paul's campaign by trying to co-op his message.  Paul is the only candidate who isn't currently bought and paid for.  Perry is a lying whore bag of shit who is totally in the cartel's pocket.

Fri, 08/26/2011 - 12:23 | Link to Comment smore
smore's picture

The missing word is 'pulchronomics'.

Fri, 08/26/2011 - 13:08 | Link to Comment smore
smore's picture

'Hypergamy' is missing too.  Doesn't this man know anything about economics?



Fri, 08/26/2011 - 18:45 | Link to Comment jomama
jomama's picture

silicone is really gross looking under the skin

Fri, 08/26/2011 - 11:41 | Link to Comment Bananamerican
Bananamerican's picture

the "Delfations" btw, were a popular 70's soul band

Fri, 08/26/2011 - 11:32 | Link to Comment Falkor
Falkor's picture



Fri, 08/26/2011 - 11:33 | Link to Comment Stuck on Zero
Stuck on Zero's picture

The helicopters have been grounded by Irene.

Fri, 08/26/2011 - 12:18 | Link to Comment boiltherich
boiltherich's picture

<-----  who needs helicopters when you have a fleet of these?

Actually they went to fuel them up but were told their credit cards were maxed out.

Fri, 08/26/2011 - 16:11 | Link to Comment sgt_doom
sgt_doom's picture

I read over Chairman Bernanke's speech, and it can be summed up in a single compound sentence:

There wasn't really any recovery, and please hope for the future.

Fri, 08/26/2011 - 18:03 | Link to Comment Cistercian
Cistercian's picture



 The dolt.

Fri, 08/26/2011 - 11:25 | Link to Comment Racer
Racer's picture

Recovery? How dare he mention that word when there has been nothing but collapse since he  started meddling. Poor people, the old and unborn children have been sacrified at the banksters altar

Fri, 08/26/2011 - 13:19 | Link to Comment Quinvarius
Quinvarius's picture

Rumpelstiltskin!  I may have just saved some of the babies.

Fri, 08/26/2011 - 11:26 | Link to Comment oogs66
oogs66's picture

the algos like the word cloud? 

Fri, 08/26/2011 - 13:24 | Link to Comment CPL
CPL's picture

yup...part of the programming is to screen news sources for key words.  Just like head hunters comb 100k+ resumes.

Fri, 08/26/2011 - 11:30 | Link to Comment augie
augie's picture

"there is a hurricane headed towards the east coast too, please be affraid and go buy supplies. thank you."



Hey tyler, you think we could get a volume stand. dev. chart like the one posted a day or two ago?


Fri, 08/26/2011 - 12:20 | Link to Comment Lets_Eat_Ben
Lets_Eat_Ben's picture

Does anyone one else print these out and post them all over the walls and ceiling so they can scour over them and pretend to hallucinate in order to crack the great code a la "A Beautiful Mind" ?

Fri, 08/26/2011 - 11:27 | Link to Comment snowball777
snowball777's picture

Analyze it with two-word fragments and see if 'recovery' morphs into 'slow recovery' (aka deflation).

Fri, 08/26/2011 - 11:27 | Link to Comment DavidC
DavidC's picture

Phew! Glad Delfation wasn't mentioned...


Fri, 08/26/2011 - 11:28 | Link to Comment CPL
CPL's picture

There is a reason.  Let's just look at food inflation from the first handful of links...please note the people would serious problems own nukes.
(Retards on the left somehow are justifying it in Canada's nation fish wrap)
(Can own nukes, can't supply it's own food.)

(Just 8.3% in a month...that's lucky)

(Considering that they couldn't organize a cat fight in a cardboard of luck to them)

(Even the manufacturing of chicken asses, pig ears and cow hooves are pressed by price increases.)

(We just sent aid, guess what happened?   It all fell off a truck and sold a block away on the open market.  Like every other UN venture, failure.)

(Read between the lines...the high food prices are going to stay)

(Subsidies and handouts collapsing)

(Demand for Food falls during Ramadan, knock me over with a feather considering the Muslim tenet of fasting is observed, aka who is eating, nobody until after dark.)

Fri, 08/26/2011 - 11:33 | Link to Comment LawsofPhysics
LawsofPhysics's picture

I was hoping that someone would point this out.  Americans may not be starving (thanks to food stamps), but many well-armed countries are now realizing that they will have to deal with the direct fallout of the kleptocracy in the U.S.

Fri, 08/26/2011 - 12:31 | Link to Comment Sudden Debt
Sudden Debt's picture

This week I saw a food inflation lift Europe versus America.


America has a hughe advantage and thats it produces most of it's own food.

But once the farmers start to realize that their profits can double if they export it all, that will be when the US will have it's massive inflation.

For you guys a dollar keeps being a dollar. For us a dollar is something we trade with but which has become worthless.


Fri, 08/26/2011 - 12:36 | Link to Comment CPL
CPL's picture

Ten years ago, you could squeeze the last inch out of a twenty for a full week.  Now $100 doesn't last until friday.

Fri, 08/26/2011 - 13:08 | Link to Comment Spastica Rex
Spastica Rex's picture

Dried legumes and grains. Seriously.

Fri, 08/26/2011 - 13:18 | Link to Comment CPL
CPL's picture

Those work until your first Kidney stone.  Then both are off the plate.

Fri, 08/26/2011 - 15:11 | Link to Comment JohnFrodo
JohnFrodo's picture

You can store brown rice up to 15 years with dry ice chips and a sealed container.

Fri, 08/26/2011 - 12:40 | Link to Comment CPL
CPL's picture

That's just a small sample of the roughly 1200 hourly.


I have a theory that once the articles surrounding food prices (not even noting food production) goes to 2000 per hour that'll be the point when the first of the missles fly over a bag of rice and corn.

Fri, 08/26/2011 - 11:41 | Link to Comment Bring the Gold
Bring the Gold's picture

I agree the overlords need to let some of that steam settle in Eurasia/Africa. I think events may be outpacing the banksters. I wonder what the over/under is on homicidally angry people especially in MENA? I think we're reaching a point where the frog realizes he's in a boiling pot, get's out and grabs his AK-47.

Fri, 08/26/2011 - 12:39 | Link to Comment boiltherich
boiltherich's picture

MENA hell, have you shopped at Safeway lately?  Food inflation might not be uniform but overall prices here are a good 30% higher than when the the recession "ended" in June 09. 

I was so relieved when wheat dropped from those stygian heights because bread had gotten insanely overpriced, I like a good sourdough French with dinner a few times a week, used to be 1.29 a loaf but often on sale at 99 cents, and wheat has dropped back to 7ish a bushel, but they just raised the price from 1.79 to 1.89 a loaf yesterday.  It is a one pound baguette with 12 cents worth of wheat in it. 

  • 1 cup water
  • 2 1/2 cups flour
  • 1 tablespoon white sugar
  • 1 teaspoon salt
  • 1 1/2 teaspoons bread machine yeast
  • 1 egg yolk
  • 1 tablespoon water
  • The sum cost of the above ingredients is less than 15 cents and even less for a bulk buyer such as a baker.  Are the increases due to the gas used in the ovens?  Nope.  From the diesel used by the delivery trucks?  That can account for a penny a loaf at most, and then you have to round up ruthlessly.  How about the salaries of the delivery men?  Most have not had a raise in several years so that is a no go.  Is yeast gotten to be an endangered species perhaps?  Fuck it, we all know corporate pigs use rumors of food inflation to jack up profits.  We also know that lack of credit means every entity in the production chain now has to charge enough not only to cover the real costs but to service all the debt they have taken on over the years.  Debt that was not used to make their production larger or more efficient, but to build a bigger manse for their CEO's. 

    Bimbo bought out Sara Lee which had bought out Oroweat, so now a loaf of Honey Wheatberry is priced at $5 and a few wealthy folks that buy what they like without concern to cost keep that brand alive, but I pretty much no longer can buy bread. 

    Fri, 08/26/2011 - 12:41 | Link to Comment CPL
    CPL's picture

    I love making bread.  The one I've been trying to nail down recently is Tiger Bread.  It's so good.

    Fri, 08/26/2011 - 14:31 | Link to Comment oldman
    oldman's picture


    If you go into the jungle or your local zoo and wrestle down a lady tiger with cubs then you can milk her. You'll need about two cups, but if you really want a 'good tiger bread', it may be worth the effort. Tigers like mushrooms---well,  the Mexican variety, anyway. That's what I used on them for my last tiger bread and it was the best ever. Just grind up the 'shrooms, boil for one minute and let stand for five minutes; then mix with the tiger's water, wait seven minutes and walk right in the cage-----they are going to love you.

    When you get the milk, let me know and I'll send my own recipe----you'll love it        om 

    Fri, 08/26/2011 - 14:38 | Link to Comment CPL
    CPL's picture


    Fri, 08/26/2011 - 13:26 | Link to Comment Quinvarius
    Quinvarius's picture

    You have obviously given this bread thing a lot of thought.  I find it seriously disturbing that you say you cannot afford it after that kind of rant.  Because, it is probably true, and you probably are not the only one in the situation.

    Fri, 08/26/2011 - 14:20 | Link to Comment boiltherich
    boiltherich's picture

    Well, yes I have given it a lot of thought, but also it makes me so angry when $trillion$ are given to a few hundred bankers and they seem determined to pay for that by cost of living rises that will take hundreds of millions of people in austerity for decades to pay for it. 

    Of course I can afford bread in absolute terms, but the cumulative increases are getting so large that I find myself pinched hard and I like so many millions of others are reaching the end of the ability to substitute crap for the quality we used to take for granted.  I already abandoned my house and mortgage in part because the cost of living has so outstripped the COLA's they have granted, I am a disabled veteran on a fixed income (I can't fathom why they call it a fixed income when it is so obviously BROKEN) and the real motive behind all the bitching and venting rants is not the prices so much as the lie that prices are stable, there is no inflation.  Not only is there 10% price increases in the last couple years it seems to be accelerating in the last couple months.  Like Bud going up 10% last week, I don't even like domestic beer unless it is over 90* out, and it will be 100 today here. 

    The Fed has a dual mandate of price stability and maximal employment, it fails so badly on both counts that the only way they can avoid popular uprisings now is to lie about both unemployment statistics and inflation levels.  But, people are noticing the reductions in their living standards, and thanks to the clever manipulation of stats and the disinfo of the MSM the wider population is led to believe their economic plight is their own personal fault rather than the failures of leadership or worse, outright theft by the kleptoctopus.  The result is self destructive behaviors, internalized loathing at their failure, broken families, broken people.  I go to the store most days near here and the complex of big box stores and shops has a panhandler at every turn, there must be 12 or more working the Costco parking lot alone. 

    This is not about my pain, or whining about my lower living standards, it is about economic injustice, it is about broken promises, and it is about the danger of failure so vast that the USA might cease to exist as we know it and sooner than any of you would believe.  The current governance of the nation is a larger threat to our health and safety than the 20+ thousand nukes the old Soviet Union had pointed at us 30 years ago.  Hair trigger assured destruction. 

    Fri, 08/26/2011 - 14:25 | Link to Comment chimp28976
    chimp28976's picture

    Meh... My local bakeries have been charging $4.69 for a loaf of bread with actual nutritional content for a long time... haven't really seen any price inflation there. I'd hardly call the above recipe "food", so I don't even think it falls into the category of food price inflation.

    I don't make a bunch of money, I just have priorities, and food's at the top of the list. I wouldn't buy Oroweat, or shop at a supermarket except as a last resort. I know it's the only option for a lot of people, but if you have a Safeway around, it's probably a big enough town to have a bakery too. Or buy your own wheat berries and make your own.

    The corporate pigs don't just increase prices, they've actually been suppressing prices for a long, long time through substitution of nutritionally-empty ingredients and by externalizing every human and environmental side effect of their psycho ag model. $5 feels pretty cheap to me for a decent loaf of bread. It will last you all week.

    Fri, 08/26/2011 - 11:29 | Link to Comment narnia
    narnia's picture

    no "macroprudential"?  that should have been the big word in the middle.

    Fri, 08/26/2011 - 13:31 | Link to Comment stewie
    stewie's picture

    Yes true.  But we're way past should've at this point.  Self-regulation is not a feature of Oligopolies, and nor is compassion.






    Fri, 08/26/2011 - 13:52 | Link to Comment narnia
    narnia's picture

    someone with a grasp of logic & justice may just suggest that ENDING THE FED is macroprudential.  

    Fri, 08/26/2011 - 11:29 | Link to Comment RobotTrader
    RobotTrader's picture



    Looks like TPTB has successfully engineered a "v-bottom", and yet another "Nipple Buy Signal" for the algos.

    I'm noticing names like QCOM, FFIV, ARUN, etc. which are going completely vertical off the lows.

    On Monday, we'll probably get a "Bernanke Re-Substantiation" rally, since nobody will be on Wall St. and the computers will be able to jam stocks huge on no volume whatsoever.

    Fri, 08/26/2011 - 11:32 | Link to Comment SheepDog-One
    SheepDog-One's picture

    Yea just like your great rally from DOW 12,700.

    Fri, 08/26/2011 - 12:33 | Link to Comment Sudden Debt
    Sudden Debt's picture

    Junk him : Yes.

    Respond to him : No

    Fri, 08/26/2011 - 13:09 | Link to Comment Spastica Rex
    Spastica Rex's picture

    Trolls feed on negative attention. I was a middle school teacher for a long time. I know trolls.

    Fri, 08/26/2011 - 12:47 | Link to Comment CPL
    CPL's picture

    Because they have no volume and they are classic bear shit companies.  You and I on a crappy trade day could shove around the price like a sumo without an HFT hitting F5 on a trade house web client.


    Russell isn't budging.  It's a resilent beast, versus the NASDAQ/DOW/SP flimflam.  When I see the Russell move, I'll move.  Until then, head fakes and wishes with no volume.


    This is neither investor or trader positive. 

    Fri, 08/26/2011 - 11:30 | Link to Comment Everybodys All ...
    Everybodys All American's picture

    where is transitory ...

    Fri, 08/26/2011 - 11:31 | Link to Comment Milton Waddams
    Milton Waddams's picture

    Less than 2% inflation is delfation in the eyes of the Fed.


    "With commodity prices and other import prices moderating and with longer-term inflation expectations remaining stable, we expect inflation to settle, over coming quarters, at levels at or below the rate of 2 percent, or a bit less, that most Committee participants view as being consistent with our dual mandate."

    Fri, 08/26/2011 - 11:35 | Link to Comment Racer
    Racer's picture

    Petrol prices still near record highs in the UK... rate of change may have slowed but the price is still seriously hurting people's spending.

    And add the massive rises in the cost of heating your house and the price of electricity, water and insurance bills just gone up 30%...

    hmmmm inflation for me is more like 20 to 40% in things I need

    Fri, 08/26/2011 - 11:33 | Link to Comment chunga
    chunga's picture

    Where is "lawsuit", "fraud", "banking putsch"?

    Can anyone else find the problem with this MERS Corporate Resolution?

    Affidavit of Francis J. Nolan - Harmon Law MERS Corp. Resolution (Kind of...)

    Question: "Do you swear to tell the truth, the whole truth, and nothing but the truth, so help you God?"

    Answer: "I do. " [1]

    [1] "To the best of my knowledge"

    Fri, 08/26/2011 - 11:35 | Link to Comment LawsofPhysics
    LawsofPhysics's picture

    LOL!, Make sure everyone involved is a total moron, problem solved.

    Fri, 08/26/2011 - 11:45 | Link to Comment chunga
    chunga's picture

    This is the same "Mill" that tried to pull this shit (defy a Federal Judge's Order to Stay) yesterday. Harmon Law is the David J. Stern of New England and will likely suffer the same fate...LOL.

    Rogue Foreclosure Mill Harmon Law at it again.

    Fri, 08/26/2011 - 11:34 | Link to Comment Buyemall
    Buyemall's picture

    financials will stall growth.

    Imagine a market where the economy is growing and financials stall while the others stocks keep rising.

    is there a previous example in history, anyone??

    Fri, 08/26/2011 - 11:34 | Link to Comment Atomizer
    Atomizer's picture

    Hallucinant Recovery

    Fri, 08/26/2011 - 11:35 | Link to Comment SheepDog-One
    SheepDog-One's picture

    Can someone please courtesy flush the markets? Place stinks to high heaven.

    Fri, 08/26/2011 - 11:36 | Link to Comment SqueekyFromm
    SqueekyFromm's picture

    I just did my second Nostrananke Quatrain:

    Quatrains of Nostrananke

    Century I

    2.  The Hun is beset by the Children of Epicurus.
         Swine and Chimpanzees run amok.
         The Mark of the Beast appears on two backs.
         Voulez-vous coucher avec moi ce soir?


    I submit that these Quatrains are more easily decipherable and meaningful than his speech.

    (OH, here is the first Quatrain I did on another thread here:

    1. His wand in his hand, he tries the podcast,
        But adds liquidity which trickles down the Hole of Jackson.
        Blue Skies cast shadows over Grizzlies.
        Fear Death by Water.   )

    Squeeky Fromm, Girl Reporter


    Fri, 08/26/2011 - 15:09 | Link to Comment JohnFrodo
    JohnFrodo's picture

    You would love this series

    Fri, 08/26/2011 - 11:38 | Link to Comment Juan Wild
    Juan Wild's picture

    "public" is so small.

    "financial" is so big.

    Fri, 08/26/2011 - 11:38 | Link to Comment Robslob
    Robslob's picture

    The only recovery I have seen is in Gold...pump the markets UP that want to go down and push a market DOWN that wants to go up?

    The thought process of our financial leadership continues to amaze...

    Fri, 08/26/2011 - 11:44 | Link to Comment Bananamerican
    Bananamerican's picture

    "pump the markets UP that want to go down and push a market DOWN that wants to go up"

    these words are now being inscribed on the Marriner Eccles building....

    Fri, 08/26/2011 - 11:56 | Link to Comment slaughterer
    slaughterer's picture

    What you just described is what the Fed calls "price stability."  It is a range-trading paradise.

    Fri, 08/26/2011 - 11:38 | Link to Comment Boilermaker
    Boilermaker's picture

    Well, fuck it, I'll admit it.  Today even exceeds my worst thoughts on how far they'd go to absolutely corrupt the market.

    At least I'm honest. 

    Fri, 08/26/2011 - 11:56 | Link to Comment brandy night rocks
    brandy night rocks's picture

    Where's "whipsaw"?

    Fri, 08/26/2011 - 11:57 | Link to Comment static
    static's picture

    i didn't see "Bitchez"

    Fri, 08/26/2011 - 11:58 | Link to Comment PositivelyNegative
    PositivelyNegative's picture

    In the Speech:  "OUR NATIONS'S POLICY SHOULD INCREASE INCENTIVES TO WORK AND SAVE"...iS HE KIDDING? Has Bernake done anything to promote saving?

    Fri, 08/26/2011 - 12:08 | Link to Comment BlackholeDivestment
    BlackholeDivestment's picture just looks like a swarm of ravens (or Black Swans) in a real life scene out of a Hitchcock foul fowl Horror Show.

    Fri, 08/26/2011 - 12:25 | Link to Comment's picture

    Cue Tippy Hedron.

    Fri, 08/26/2011 - 12:03 | Link to Comment Fake Jim Quinn
    Fake Jim Quinn's picture

    Delflation is what Ben talks about when  PC prices go down. and all other increases are "transitory". :-)

    Fri, 08/26/2011 - 12:09 | Link to Comment zerohandle
    zerohandle's picture

    Tyler you were wrong AGAIN.

    Fri, 08/26/2011 - 12:19 | Link to Comment sun tzu
    sun tzu's picture

    You're a fucking idiot AGAIN and FOREVER

    Fri, 08/26/2011 - 12:21 | Link to Comment's picture

    "Wait for it." -- Walter "Radar" O'Reilly on the arrival of helicopters.

    Fri, 08/26/2011 - 12:12 | Link to Comment sun tzu
    sun tzu's picture

    Stealth QE3

    Fri, 08/26/2011 - 12:31 | Link to Comment bread n circuses
    bread n circuses's picture

    Who needs QE3?


    "...the Federal Reserve has a range of tools that could be used to provide additional monetary stimulus."

    Fri, 08/26/2011 - 12:14 | Link to Comment boiltherich
    boiltherich's picture

    And the DJIA is up over 350 points from the low of the session?  It was predicted that a failure to announce QE3 would crush equities and the Fed knew it was going to announce a policy of nothing, so the PPT seems to have been ready with a bit of shock and awe for the markets, god only knows how much real private selling has been absorbed by public entity buying this morning.  I would say at least half a trillion so far.

    Fri, 08/26/2011 - 12:22 | Link to Comment sun tzu
    sun tzu's picture

    An analyst on Bloomberg said that the market has been weak lately because they knew no QE3 announcement would be made. I guess a 400pt rally from Mon-Thu is a bad week

    Fri, 08/26/2011 - 14:44 | Link to Comment boiltherich
    boiltherich's picture

    Maybe it is the 1% GDP that is sparking today's rally?  Actually, given the gross understatement in CPI the GDP is contracting pretty sharply I would say.  Maybe it is the huge decline in new house sales at under 300k per year, which does not even replace those destroyed by house fires each year (480,000 structural fires out of more than a million three residential house fires)?  Or, the consumer sediment # which came in at... "Just up from completely depressed is a fair way to describe consumer sentiment which bounced up from the bottom but only slightly in the last half of the month..."

    Maybe the the rally is fueled by jobless claims solidly back over 400,000 per week?  Perhaps it was "July home sales proved disappointing and MBA's purchase index points to further bad news for August" though how the MBA could be disappointed in the current housing climate is beyond me, what could they have been expecting?

    Oh well, I long ago gave up trying to make rational sense of equity moves.  They are meaningless, it is just like a casino where the tables are openly rigged so that house odds are stacked to absurdity and there is no hope of winning, just the entertainment of the shiny lights and artificially increased oxygen.  Really, if I were still a financial advisor by now I would be telling my clients they have a better chance at wealth via Powerball than through stock investments.  And the advantage of all potential downside realized the moment you part with your dollar to buy the ticket. 

    Fri, 08/26/2011 - 12:29 | Link to Comment bread n circuses
    bread n circuses's picture

    "Continue": 12

    "Change": 2

    Because we're on such a fantastic trajectory...?

    Fri, 08/26/2011 - 12:44 | Link to Comment FreeNewEnergy
    FreeNewEnergy's picture

    My new dual mandate for the Fed:

    1. Blow me.

    2. Again.

    Fri, 08/26/2011 - 12:48 | Link to Comment drswhaley
    drswhaley's picture

    Tyler - How about a word cloud for all the articles and commentary on the site?   I'm guessing bitchez is up there.

    Fri, 08/26/2011 - 12:55 | Link to Comment Mountainview
    Mountainview's picture

    As long as he doesn't dare to pronounce the word China and the fact that all the monetary stimulus ends finally in the Middle Kingdom he is not really serious about the problem.

    Fri, 08/26/2011 - 13:01 | Link to Comment OuaisBla
    OuaisBla's picture

    If inflation is precede with "not", then he talks about deflation. 

    Since "not inflation" equals "deflation".

    Fri, 08/26/2011 - 14:50 | Link to Comment bid the soldier...
    bid the soldiers shoot's picture

    "In the study of economics and market competition, collusion takes place within an industry when rival companies cooperate for their mutual benefit. Collusion most often takes place within the market structure of oligopoly, where the decision of a few firms to collude can significantly impact the market as a whole. Cartels are a special case of explicit collusion. Collusion which is not overt, on the other hand, is known as tacit collusion."

    Collusive Oligopoly. A couple of words the Fed doesn't often use.

    Fri, 08/26/2011 - 15:05 | Link to Comment JohnFrodo
    JohnFrodo's picture

    I know Krugman is as popular as the DEA at a grow op around here, but he skewers Barenacked here.

    Fri, 08/26/2011 - 20:32 | Link to Comment ratava
    ratava's picture

    rule #1 of deflation is you do not talk about deflation;

    Fri, 08/26/2011 - 21:48 | Link to Comment bid the soldier...
    bid the soldiers shoot's picture

    Same with this:

    rule #1 of peak oil is you do not talk about peak oil.

    If you have to talk about it, you lie.

    Do NOT follow this link or you will be banned from the site!