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

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To: blazenzim who wrote (92779)3/26/2008 11:36:22 AM
From: John Vosilla  Read Replies (2) of 110194
 
'Why do so many people follow a guy who's been wrong for years and will likely be wrong for many years to come?'

You learn the most from people with different viewpoints from yourself.. I gotta go back and reread Ravi Batra's "Depression of 1990" just one more time to see if Mish changed much of that basic theme..overvalued asset crash= deleveraging of excess debt=credit crunch=consumer spending contracting=deflation<g>

If anything the extremely low long term rates used by 'deflationists' as the proof they were 'right' will make the subsequent recovery and even higher inflationary pressures that much more likely. The risk is a misery index like the end of the Carter administration coming out of all this..Deflationists get decimated just like the dotbombers of 1999 or home flippers of 2005
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