Mish's Global Economic Trend Analysis Message Board

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

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To: stockfiend who wrote (76529)	3/19/2008 10:51:16 PM
From: THE ANT	Read Replies (1) of 116555

We had inflation in the 90's.It was in assets.We will now have deflation .It will be in assets!Just like the Great Depression,when all is said and done the wealth dispairity will actually decrease.Those without assets may be better off as assets fall.If you are going to make minimum wage beter to have houses at 200K than 400K.Low income people will be allowed to walk away from their loans.High gas prices to come down shortly.And the wealthy only the brightest or luckiest will be able to hold up or increase the value of their assets relative to wages

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