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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Jim Willie CB who wrote (3323)	12/12/2003 3:44:05 PM
From: ild	Read Replies (3) of 110194

Comstock Partners, Inc. Inflation or Deflation? December 09, 2003 comstockfunds.com ... To summarize and quantify this comment, we believe the risks of deflation are greater than inflation and we would put the probability at around 65% with the risk of inflation of 30% and the probability of “muddling through” until the economy is able to expand without the threat of deflation or inflation at 5%. It is very hard for us to believe that the debt problem of over $33 trillion will be resolved by inflating the system, since that would let the debtors "off the hook".

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