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: koan who wrote (87699)	10/4/2008 7:53:30 PM
From: suanny	1 Recommendation Read Replies (1) of 116555

Mish was somewhat early with the deflation forecast,with inflation raging during the interim caused by rising asset prices brought on by ultra low Fed rate.Many people made higher than normal incomes brokering deals and mortgages loans etc. to say nothing of the asset holders profits,which could be used to supplement employment income.Higher real estate prices,stock prices, even commodity prices,provided cash to bid prices up on many every day items.Wage arbitrage and the lack of that additional income from appreciating assets coupled with loss of income to builders,real estate brokers,loan brokers,stock brokers,tradesmen and others whose incomes trickle down from those should cause less money in the hands of J6P to pay for every day necessities.To sum it up I believe 70 to 80 percent the people will have less spending money on a continuing basis,which should cause food,fuel,and housing prices to wane somewhat.Gold and other precious items ie;art fine wines etc. can appreciate because the wealthy may prefer these to other investments.

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