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Non-Tech : Deflation
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To: JF Quinnelly who wrote (58)5/30/2000 2:13:00 AM
From: Maurice Winn  Read Replies (1) of 621
 
<There's a 'black hole' school of thought that thinks deflations aren't easily reversed. They might be like a force of nature, and they will simply run their course no matter what anyone does to try to derail them.> I'm from the 'Whistle loudly as you walk past the graveyard' school of deflation economics.

Anyway, aren't we supposed to be worrying about inflation right now, instead of deflation? Employment tight. Oil expensive. Production going like mad. [Yeah, right - wait until the drop in wealth-effect orders hits in a week or four].
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