Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: pogbull who wrote (19861)	10/5/2002 5:25:42 PM
From: isopatch	Read Replies (1) of 36161

Second that opinion. Excellent Russell piece. Thumbs up on posting it, before I did.<g> Just one of several quotable excerpts supportive of the secular deflation thesis: <<Every major Asian economy except South Korea is in the throes of deflation. Courtesy of ever-expanding trade relations with Asia, America is now buying more and more from China, Japan and other countries that are already in deflation. The growing market share of these increasingly cheap foreign goods helps drive down rices of products made at home. The impact of deflation would be most acute for wage earners and debtors. To stay profitable, companies would have to cut jobs or wages, eventually inhibiting consumer purchasing power. Meanwhile, the fixed obligations of indebtedness would have to be paid back in deflated dollars, squeezing over-extended borrowers all the more.>> You're one of several of the newer contributors (who've increased their participation in recent wks) that add value to the thread. Regards, with a virtual tip of the hat, Isopatch

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