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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: isopatch who wrote (16766)8/27/2001 10:26:53 AM
From: Terry Whitman  Respond to of 52237
 
hoho- I like that fiat money quote. Thanks for the pointers. History rhymes but doesn't necessarily repeat. Certainly the fed is printing that stuff at a furious rate.
What I'm trying to figure out however, is when/if there become no takers for the fiat. It could happen like in recent Japan- where the banks get too extended to take any risks- and no lending happens. Or it could happen like the 30's where borrowers become so extended that they can't service any more debt. Either way, a general deflation could occur.

Certainly some sectors would be hurt worse than others, but would there really be places to hide out in a general deflation? Besides in Y2K shelters or precious metals, I mean. <g>
I can see the credit worthy sectors doing well in a stagflationary environment- but would they really hold up in a deflation? The fact that I'm talking about it, probably means it won't happen, right? <g>

Of course there were a few of us talking about what a friggin casino the Nazdung was back in 98 and 99, and how most people were gonna lose their arses, And that didn't keep it from happening- it just happened a little later than we expected.
TW