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Gold/Mining/Energy : Gold Price Monitor
GDXJ 119.96+2.0%Dec 22 4:00 PM EST

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To: Phil Varichon who wrote (2687)10/31/1997 4:16:00 PM
From: gregor  Read Replies (4) of 116820
 
Dear Phil :

Man, I'm so happy to find some people who agree with my deflationary views..

Greenie doesn't have the slightest clue about what is going on. I listened to about an hour of his testimony this week and the poor old man just to begin looked bad--he must have bit off more than he could chew when he married a much younger woman.

The major problem IMOP is him.. If he thinking that he is fighting the imaginary inflation ghost and raises interest rates he will put the skids on the stock market and the economy.

My main point being ,if with a roaring economy we are barely raising the specter of inflation what do you think will happen if we enter a recession, spending goes into negative territory, deflation starts and then the possibility of a deflationary spiral will appear that will be more difficult to stop than an inflationary spiral..

We really need to start getting our point -- which is DEFLATION not inflation happy returns gregor
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