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Strategies & Market Trends : Galapagos Islands
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To: zonder who wrote (44214)7/16/2003 11:59:11 AM
From: Jorj X Mckie  Read Replies (3) of 57110
 
I assume that your point is that we have inflation, not deflation? Oui?

Energy prices are rising, money supply is rising and still greenie is talking about fighting deflationary forces. All just a ruse so that there is an excuse to keep interest rates low and keep pumping the money supply? Are the deflationary forces this year's Y2K equivalent excuse?

I think that the bond market is going to flip the bird to greenie. He may keep the rate low at the overnight counter, but I think that real interest rates are going up.
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