Ask Michael Burke Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Knighty Tin who wrote (65531)	7/30/1999 1:54:00 PM
From: valueminded	Read Replies (3) of 132070

Mike/William: If you (or anyone else would feel so inclined) Please compare/contrast the 1929-1933 bear market with the 1972/1973. AS I see it, 1972/1973 was inflation driven and 1929/1933 deflation driven. The correlary is which situation compares most closely to our present situation and why. (Yes I am still struggling with will it be a deflationary or inflationary spiral. In my opinion, if the market has a sudden crash, I believe deflation and want to own bonds, if it has a slow grind, i believe inflation and bonds and stocks both get crushed). I still lean towards the inflationary scenario for some reasons: 1. our tendency as politicians will be to print as much money as it takes to correct the situation. 2. everyone believes the deflation scenario so the contrarian in me says inflation. 3. we have already created too much money and the only way to adjust the money supply down to an acceptable level in which the money available is chasing an appropriate amount of goods is for bonds and stocks to take a beating. (imo) Appreciate yore well reasoned and thoughtful feedback. thanks

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next