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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: NOW who wrote (21938)1/21/2005 3:15:35 PM
From: Tommaso  Read Replies (2) of 116555
 
You are right--I forgot about Japan. But I was talking about the United States, anyway.

Yes, if the United States and its citizens were to devote the next dozen years to living in a financially disciplined way and trying to pay off their debts, and if the dollar remained a strong currency, there could be deflation. But that's not the American way.

I don't know what is going to happen, but I cannot see the U.S. dollar going anywhere but down, like a South American currency, not staying stubbornly strong like the Yen.
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