ShadowStats' John Williams has done his math and believes his numbers tell the truth. He explains why the U.S. is in a depression and why a "Hyper-Inflationary Great Depression" is now unavoidable.
Comment: For quite some time I have been unsure what lies ahead: a deflationary an inflationary depression. Over the past couple of months my bias has grown to opt more for the chances of an inflationary depression. Nevertheless, my conviction is not yet hundred per cent. Nevertheless, I wouldn't touch, as of now, debt instruments, including bunds and treasuries.