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

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To: Wyätt Gwyön who wrote (5038)1/14/2004 11:52:31 AM
From: mishedlo  Read Replies (1) of 110194
 
i would say in an environment with zero pricing power and zero real income growth, higher energy and food prices are simply a tax on consumption and are thus DEFLATIONARY--X percent more money which is no longer available to inflate housing or buy more new cars or whatever. just another straw weighing on the back of the coming asset and debt deflation.

ding ding ding ding ding ding ding!
Darfot get's the cigar

M
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