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Strategies & Market Trends : John Pitera's Market Laboratory

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To: MulhollandDrive who wrote (5377)1/2/2002 12:46:15 PM
From: Yorikke  Read Replies (2) of 33421
 
Mrs. Peel, I believe Droke's article is a bit overdone, not to mention inaccurate in many respects.

' An extremely low rate of interest essentially proves that deflation has been underway for some time, for it
reflects the falling demand for loans in the face of a shrinking money supply.'

The money supply is NOT shrinking. It is in fact expanding at an unprecedented rate. There are other inaccuracies and rather 'hyped' statements that cause me to step back and question Mr. Droke's expertise.

If you would like a more accurate and rational take on the same issues I would suggest that you look at the PrundentBear site and review their excellent ongoing analysis of the credit situation.

Happy New Year.
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