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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jon Koplik who wrote (5136)	11/21/2001 12:26:10 AM
From: Doppler	Read Replies (2) \| Respond to of 33421

It's not just blue collar jobs feeling the pinch. Our company recently announced not just layoffs, but a 2 yr wage freeze even for us highly paid white collar folks. Count in the lack of overtime and most of us will be earning less in two years than we did the last two. Got deflation?

To: Jon Koplik who wrote (5136)	11/29/2001 10:27:03 AM
From: John Pitera	Read Replies (2) \| Respond to of 33421

Great article Jon, you gotta love Stephen Roach's comment, about looking under every rock for inflation. As the article points out we'll need to see housing and overall real estate prices go down and in a more forceful fashion to increase the deflationary scenario. "I've spent my whole career looking under every rock for the next wave of inflation, and I've run out of rocks," says Stephen Roach, an economist with Morgan Stanley. "We're going to get a lot closer to deflation than people think." I see that the article notes the period of declining prices in 1949, It's interesting to note how many economists and market watchers were expecting another depression in 1948-49, due in part to a slowdown in the economy after the end of WWII. John