In this issue:

It’s The Best of Times
The Elements of Deflation 
It’s More Than Half Full
Argentina, Brazil, and Uruguay

What’s a Fed to do? We get talk about tightening and taking away the easy credit, but we got the fourth largest monetization on record last week. This week we examine the elements of deflation, look at some banking statistics that are not optimistic, and then Iwrite a reply to my great friend Bill Bonner about why it’s the best of times to beyoung. I think you will get a few thought-provoking ideas here and there.

…..read more HERE.