Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (4491)	6/7/2001 10:35:23 PM
From: LLCF	Read Replies (1) of 74559

<Have you ever actually studied deflation?> Yes < Do you know what happens to debts during deflation? Are you aware of the maxim "prices are sticky downward"? It's not a linear process. Obviously, if it were linear, and no one had debts to pay off with shrinking paychecks, the scenario you hypothesize would be correct. However, we don't have to hypothesize, there's plenty of real world experience to draw on, and real economic analysis.> If everyone was used do constant price increases there wouldn't be any deflationary 'surprise'... it's self evident. The "real world experience"??? ROFLMAO... NOT! You're funny. DAK

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