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

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To: mishedlo who wrote (70500)10/26/2007 1:08:10 AM
From: sea_biscuit  Read Replies (1) of 116555
 
Re: the hyperinflation vs. deflation debate, Marc Faber said in one of his interviews about 2 years ago : "Robert Prechter says that we will get deflation. Yes, I am sure he will be right, but before deflation we can get maybe a wisp of deflation, then massive money printing, and first hyperinflation, or very high inflation rates, and then deflation. " ....

" I think he [Prechter] could be right – to get deflation first – but I don’t it would be a deflation of more than, let’s say, 3-5% and then you would have massive money printing and then hyperinflation. But he’s talking about a deflation that brings the Dow Jones down to 1000, home prices crashing and so forth."
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