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

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To: russwinter who wrote (75746)12/15/2006 12:25:00 PM
From: John Vosilla  Read Replies (1) of 110194
 
Russ this was a quote from the prior post by Mish. Comment on inflation being rampant in the 90's but masked by technology?

'How many times do I have to say that that [price] inflation was masked in the 90's because of productivity changes, disruptive technologies like the internet, globalazition, global wage arbitrage, and finally because monetary policy fueled a stock market instead of prices.

That is EXACTLY why putting prices ahead of monetary policy is like putting the cart before the horse. Inflation was rampant but it was masked by other factors'

I personally wish you were around more on this board to discuss points like this that deserve the attention and debate here.

'In the end we will have a country like Brazil (only with nicer houses), and I'm certain that a credit rating that supports a 4.50% 10 year Treasury will not be even remotely deserved'
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