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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Archie Meeties who wrote (19422)9/18/2000 10:59:02 PM
From: Oblomov  Read Replies (1) of 436258
 
Thanks, Arch, it seems that there are a number of strong, opposing forces pulling at the structure of prices in our economy. I would prefer deflation, but the behavior of the Fed leads me to believe that the massive consumer and corporate debt load will simply be monetized (inflated) away. If so, then it seems that all of those highly leveraged folks that we ridicule were the smart ones after all... -ng-
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