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

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To: John Vosilla who wrote (92409)3/18/2008 1:43:01 PM
From: Mike Johnston  Read Replies (3) of 110194
 
My view is:
50% chronic high inflation ( perpetual 15%-25% inflation )
30% low level hyperinflation 30-50%
20% textbook hyperinflation @ 100% +
0% deflation

I see no chance of stagflation, it entails very low growth and high inflation but only up to about 10% or so.
We are already way past stagflation now. Stagflation would simply be an outcome too good to be true based on the magnitude of the fiscal and monetary mismanagement that we have been subjected to.

Instead, I expect very high inflation and sharply negative real growth, hyperinflationary depression would be a better description.
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