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Strategies & Market Trends : Asia Forum
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To: Ron Bower who wrote (5815)8/24/1998 9:39:00 AM
From: Worswick  Read Replies (4) of 9980
 
I don't think many of you on this thread understand or perhaps you haven't digested what deflation, once it gets started, really is.

At that it is a difficult subject to grasp because so little worthwhile has been written about it. One has to go back to the S&L crisis here to look at the example in dotted i's and crossed t's of what is becoming commonplace in Asia.

That is, assets are worth 5%-15% of their previous highs. At his point who has any money to buy anything? The buyers are very hard to come by.

I really hope to god we can hold the line here in the US in this calamity.... because what we are now looking at is beyond nasty.

I hope Abby Josepoh Cohen is right and the market rises from here.

The US stock market is currently valued at $11 trillion. US GNP is $8 trillion. A 50 % decline in our stock market represents 68% of our GNP. I won't go into what a 85% decline represents in terms of our GNP.

Does anyone out there have any deflation reading material?

Perhaps there is no answer here. In a world of cause and effect we are now going to suffer the effect. Perhaps what one does is check the life boat and see if the rats have eaten the life preservers and life jackets.

Again, Sam? Tommasso? Stitch? Zeev any deflation raeding material?

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