Tue Oct 7th, 2008 at 06:40:32 PM EST
Some of the resident EuroTribers might know Sudden Debt, a blog on the state of US (and world) economy. Although the quantity of posts (and in part the quality) has decreased in the last weeks, this was the probably one of the first places where the current situation was forecast and with unbelievable accuracy. If you spend some time reading past posts you will notice how the author, "Hellasious" (Hell as IOUs) really was able to see what was coming. Heck, just the name of the blog shows some prescience.
One of the things that always seemed strange on Hell's analysis was the forecast of deflation. Today he has put up a post where he insists on the issue and seems to be at odds with what he calls a Keynesian approach.
Some food for thought from someone that was always "right on the money" (silly pun intended).