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Gold/Mining/Energy : Gold Price Monitor
GDXJ 97.81+0.9%Nov 19 4:00 PM EST

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To: philv who wrote (6677)1/24/1998 4:49:00 PM
From: Zardoz  Read Replies (1) of 116762
 
Phil: I saw Milton Friedman on the tube yesterday saying that deflation will never happen. He says deflation is the easiest to control; simply print money!"

What happens when you can't print money fast enough, like Japan? Deflation is the real problem. It's been mentioned that all the inflation in the US is in the Stock market. So the USA Fed is exporting inflation, but importing deflation. Products are cheaper now, and will be cheaper in a few months. The first signs of deflation occurred in June 1997 with the seventh negative PPI. Deflation is rampant in the US. It's a shame that many can't see it.

There is deflation in: Commodities, service, production, textiles, oils, technology. I could go on, but I'm sure Ole/49r needs the bandwidth. [8^I
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