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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: sea_biscuit who wrote (90805)1/24/2008 3:05:23 PM
From: Mike Johnston  Read Replies (3) of 110194
 
If only the deflationists argued that stocks will go down in terms of a tangible asset like gold, they would be dead right. But their argument is that stocks will go down in terms of paper pieces called dollar bills (that the Fed can print in TRILLIONS). That is why they will be dead wrong

Thanks for debunking the deflationist case in just 3 simple, concise sentences !

This comment is right on the money. It deserves to be printed up and put on the wall.
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