Video: Bill Fleckenstein on the prospects for deflation in the U.S.; “The only difference between the Greeks and us is a printing press”

Notable short seller Bill Fleckenstein talked to Bloomberg yesterday about the prospects for deflation in the U.S.    He says it’s not likely unless they take away the printing presses….

“The only difference between the Greeks and us is a printing press”

If you feel you need to own stocks, he suggests Microsoft.  “If you can’t make money owning Microsoft over the next year, you’re not making money in most plain vanilla stocks at all.”

Tags: Angela Merkel, Bearish, Bill Fleckenstein, deflation, Europe, Gold, Greece, Hedge Funds, Inflation, Microsoft, Politics, Short sellers, Video