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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (233985)5/21/2005 10:07:53 PM
From: TimF  Read Replies (1) of 1576610
 
Sink is too strong of a word. But the distinction is pretty moot when stagflation is hitting high gear and you are confronting the misery index, up front and personal.

I came up with "sink", as another word to use instead of "decline", when I was talking about the terminal decline of the Soviet Union", and I said that the USSR was "in decline" at the time of Afghanistan, and Ted replied with " What makes you think we are not?". In a technical sense the recent downturn was a "decline", and the stagflation in the 70s was even worse, but neither was remotely like what happened inside the Soviet Union.

Something like stagflation is possible, but its inaccurate to say that it is "hitting high gear", or even that we are in it at all at this time.

Tim
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