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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (13601)10/18/2004 2:40:04 PM
From: Crimson Ghost  Read Replies (3) of 116555
 
Mish:

I agree with you and Heinz that the housing boom is rolling over and prices are posed to drop sharply. I also agree that a serious recession is not far off.

But this does not necessarily means deflation. I can easily envision soaring inflation in many goods and services even as the economy tanks.

That is what happened in Argentina not long ago. A collapsing currency triggered a virtual depression and soaring inflation at the same time.

We will see the same here when the buck finally hits the skids against the Asian currencies IMHO. Probably not nearly as bad as Argentina, but bad enough to smash BOTH stock and bonds a la the 1970s.
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