“Amazon bought Whole Foods today. Widespread carnage in the grocery stock prices followed. Jim Cramer called it a major deflationary disruption saying stores cannot compete.”
MK note: Interesting buzz on Amazon’s Whole Foods prospective acquisition. Whenever the subject of deflation comes up, I think of gold’s stellar performance in the wake of the last crisis which, in fact, was disinflationary. Disinflation, in turn, is a close cousin to deflation as discussed in some detail HERE and HERE, along with gold’s historic relevance in protecting against either or both.