welcome back to the kaiser report i'm max kaiser time not going to rick ackerman of rick's pics newsletter rick welcome to the kaiser report back show you doing fantastic rex ackerman tell us what happened to all the hyper inflation i think they've been pretty quietly next we have nothing but a deflationary juggernaut unfolding in europe. or sturdy may have been voted thumbs down but you don't see any infusions of new credit making their way into the system it seems like everything that's happening in europe right now has a deflationary outcome right thing that the ravages of the credit peak of two thousand and seven continue to wreak all kinds of damage around the world and no matter what the central banks try to do to stop it the deflationary pressures continue to mount what do you tell people when i say well look at the price of medical cost and look at the price of student loans these are rising in price how does that factor into a square dance this deflationary trend well i call that little spin inflation maxon compared to the larger deflationary picture which is an asset deflation th