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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: pezz who wrote (4610)	6/9/2001 11:32:32 PM
From: LLCF	Read Replies (1) \| Respond to of 74559

<Such is current wisdom. As I recall the worst inflation that we saw in USA came in the seventies. > Yea... and as oil imports [in $ terms] soared the fed tried to pump it away sending inflation soaring. Same as it always was. <I might add that Japan which this thread is so fond of pointing to when it suits there purposes [ so why can't I?] has had almost zero interest rates for quite some time whilst the economy continues to experience deflation > There central bank can't be to lose because there is no demand for money... DAK