The latest from Ed Dowd. There are a lot of fans here who swear by his forecasts and analysis. You won’t like what he is saying now though because it means hell itself is about to open up and swallow the economy. One thing Ed mentions is inflation. He says we won’t be talking about it much longer because the consumer is going off a cliff and that always leads to a deflation outcome as consumption gets crushed. Ed also notes the dollar will be around a lot longer than most people imagine. Overseas a great many loans were created in dollars and said demand for dollars will persist for many years no matter what happens. No other country or group such as the BRICS is in a position yet to offer a global reserve currency in any event. Indeed, Ed expects the dollar to rise. Its something he terms “fail up”. And that will be a troublesome trend.