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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Mike Johnston who wrote (72653)12/22/2007 2:02:21 PM
From: pogohere  Read Replies (1) of 116555
 
The problem I have with the article, which is worth reading, is how US consumers whose incomes are falling and who have no savings, and no money or credit will buy any goods. If the buying power is lacking I don't see how prices can remain stable. If we are living on credit and there's a credit crash, there will surely be deflation and falling prices which most of us won't be able to take advantage of because we have neither credit nor money.
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