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

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To: Horgad who wrote (90205)1/8/2008 4:29:58 PM
From: GST  Read Replies (2) of 110194
 
<"Before: low energy prices, low commodity prices, low food prices, low priced junk from China, rising dollar, rising stock market, rising house prices, flat to rising salaries. In other words for most people lower living costs, rising asset values, and flat to rising incomes.>

All of these things helped to keep inflation at bay -- at relatively low levels of around 2% per year -- but at no time was the US in a state of entrenched deflation. If that means we agree, then we agree. But if you advance the idea that we have been in a state of deflation for 20 years, well of course I would never sign on to something that I believe is a patently false description of what went on "before".
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