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

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To: shades who wrote (51033)1/23/2006 6:07:51 PM
From: russwinter  Read Replies (1) of 110194
 
Russ is making case - in lower m's - there is no inflation - the money is hitting assets - not the propel water at walmart that most people buy. >

That's not what I said, there is clearly an inflationary boom in just about everything now. However, we may getting to the point where many (non-Bullies) people can't afford to buy stuff and service debt. That's what the snagnant growth in M-1 means, but not the same as saying there isn't strong inflation now . Certainly not the environment to cut rates, and start printing presses either, in fact quite the opposite. The average Joe needs relief from inflation and skyrocketing costs, not more ability to borrow and fuel more of it. Think a little more linear, too much circular.
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