{"id":27971,"date":"2024-07-09T13:55:51","date_gmt":"2024-07-09T13:55:51","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=27971"},"modified":"2024-07-09T09:56:11","modified_gmt":"2024-07-09T13:56:11","slug":"in-our-opinion-any-depression-will-be-real-not-nominal","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/in-our-opinion-any-depression-will-be-real-not-nominal\/","title":{"rendered":"In Our Opinion, Any \u201cDepression\u201d Will Be Real, Not Nominal."},"content":{"rendered":"
\n
\n
Former IMF chief economist, 15 yrs ago, in May 2009.  Said we had a decade or so to fix structural issues revealed by the GFC, then sh*t would get real.  What we are watching now is essentially the universe saying \u201cTime\u2019s up.\u201d<\/p>\n

<\/p>\n\n\n\n\n
 <\/td>\n<\/tr>\n
 <\/td>\n\n\n\n\n
<\/a><\/td>\n<\/td>\n\n\n\n\n\n\n\n\n\n\n
Luke Gromen<\/a><\/b><\/td>\n<\/tr>\n
\u2066\u202a@LukeGromen\u202c\u2069<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/tr>\n
Former IMF chief economist, 15 yrs ago, in May 2009. <\/p>\n

Said we had a decade or so to fix structural issues revealed by the GFC, then sh*t would get real.<\/p>\n

What we are watching now is essentially the universe saying \u201cTime\u2019s up.\u201d<\/p>\n

IMO any \u201cdepression\u201d 👇 will be real, not nominal. pic.twitter.com\/d28Ch49888<\/span><\/a><\/td>\n<\/tr>\n

 <\/td>\n<\/tr>\n
7\/9\/24, 8:40\u202fAM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n <\/td>\n<\/tr>\n
 <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/a><\/p>\n

<\/div>\n
In our opinion, any \u201cdepression\u201d will be real, not nominal.<\/div>\n
<\/div>\n
\"image0.jpeg\"<\/div>\n
<\/div>\n

<\/p>\n\n\n\n
\n\n\n\n
IMO any \u201cdepression\u201d 👇 will be real, not nominal.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/a><\/p>\n

3\/ What is a \u201creal\u201d v \u201cnominal\u201d depression?<\/div>\n
<\/div>\n
In a nominal depression, most everything goes down in USD terms.<\/div>\n
<\/div>\n
In a real depression, most everything goes down in gold terms, but up in USD terms.<\/div>\n<\/div>\n


<\/p>\n

\n
WordPress\u2019d from my personal iPhone, 650-283-8008<\/a>, number that Steve Jobs texted me on<\/span><\/div>\n

<\/span><\/div>\n
\n
https:\/\/www.YouTube.com\/watch?v=ejeIz4EhoJ0<\/span><\/font><\/div>\n

<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Former IMF chief economist, 15 yrs ago, in May 2009.  Said we had a decade or so to fix structural issues revealed by the GFC, then sh*t would get real.  What we are watching now is essentially the universe saying \u201cTime\u2019s up.\u201d     Luke Gromen \u2066\u202a@LukeGromen\u202c\u2069 Former IMF chief economist, 15 yrs ago, in […]<\/p>\n","protected":false},"author":1,"featured_media":27972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27971","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/27971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=27971"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/27971\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/27972"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=27971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=27971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=27971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}