Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LLCF who wrote (28500)	2/6/2003 10:34:23 PM
From: LLCF	Read Replies (2) of 74559

Prechter: Q: "But the fed says they will keep creating money and avoid deflation, and the MS hasn't contracted" A: My critics say this shows deflation won't happen, but the markets continue down, and I think commodities are tired from their rallys created by the liquidy they've created. But importantly the kind of money creation they need is illegal and not likely to be changed till it's obvious they have to. You can't just print money, and we have 30 Trillion in credit and that actually leaves perhaps a like amount we won't even count. IMO the credit outstanding NOW is so vast that the fallout from an attempt to inflate by some fed governor will create selling of debt paper would create a massive deflation. Ultimately, you could see hyper inflation, but first......... Q: What can people do??? A: Well, how about what NOT to do... don't buy most bonds most financial planners say are OK. Corperate bonds get creamed. Divest yourself of ALL non-essential real estate. Get out of collectables. Positive actions: Safe cash equivelent... harder than you think. Swiss bonds, Singapore has no debt, and safe paper. Most Americans should have treasury MM mutuals. They do exist. DAK

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