The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: LTK007 who wrote (101708)	2/27/2009 5:32:42 PM
From: Ken Reidy	Read Replies (1) of 110194

I would never suggest a bottom is in...just trying to state the obvious that you can't compare 2009 to 1982 because the dollar is different in many, many ways from what it was in 1982. Furthermore..I try not to predict the future because it means nothing unless a person couples a future price prediction with a future dollar value prediction...assuming the dollar still exists. As I've said before...a future Dow 20,000 may very well buy less shelter, food, energy, etc. than a future Dow 5,000...it will all depend on what the dollar buys at that future point in time after a period of deflation or inflation. A person can't figure out how much they need to retire on because they can't predict what their currency will be worth in the future. One never really could determine this but now it is impossible as who knows if we will have deflation, inflation or hyperinflation? Furthermore...we may have a new currency and who knows what that will be worth or what the conversion rate will be from dollars to the new currency?...what a mess!

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