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Strategies & Market Trends : Classic TA Workplace
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To: SwampDogg who wrote (76800)6/28/2003 10:59:24 AM
From: skinowski  Read Replies (3) of 209892
 
Yeah, the article contains some of the standard bull hooks. I heard one good one on Bloomberg radio while driving home yesterday - some fellow claimed that the stocks are now the cheapest in decades, because of the low bond rates. Low interest on bonds makes the market risk - so to speak - low. Very cool - just drop rates, and the stocks, as if by miracle, become undervalued.

Generally, I cannot see how we can get rid of the huge and still growing debt without an inflationary - or deflationary - wipeout. Maybe both. Inflation would destroy creditors - and the credibility of the financial system. Deflation would also lead to wealth destruction - due to massive defaults by the debtors. Heck, it seems that on balance deflation really would be preferable, since at least the core structures, imo, would be more likely to survive...
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