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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: NOW who wrote (55925)1/9/2001 6:32:22 PM
From: pater tenebrarum  Read Replies (4) of 436258
 
i think it's a mistake to remain fixated on inflation as the only (or main) necessary condition preceding a recession. if as he says the huge private sector debt load is his primary economic concern, he should worry about deflation instead. admittedly if we see any more economists forecasting a recession it becomes doubtful that we'll get one for that reason alone. as a rule, these guys are almost always wrong. in a debt deflation easy Al can cut till he's blue in the face and it won't help.
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