Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Lee Lichterman III who wrote (35744)	8/23/2005 11:43:15 AM
From: Steve Lokness	Read Replies (1) of 116555

Lee; <Get it right and the kids could be set up for life. The debt question is IMO more important than anything else> Wonderful comments and the reason I am here day after day. OTOneH, Mish is right in that we have overcapacity which could lead to deflation if we get a recession. To counter that is the folly of the fed to drop money upon as if there is no tomorrow - which is indeed inflationary. It's as if the two sides are competing and the stakes, as in a poker match to the end, continue to be raised. It seems those of who moved to be debt free are a minority. steve

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