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Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (113)	8/12/2002 12:11:47 AM
From: Maurice Winn	Respond to of 621

Snowshoe, but as we all know from the mindless Zombies, it was Uncle Al's [KBE] easy money which caused the sharemarket bubble and we know that it's easy money which causes inflation. Therefore, we should have a huge stock market boom if the mindless Zombies are correct [being mindless, it's surprising that they have the cheek to blame Uncle Al for things which they obviously can't understand and have insisted that they couldn't understand, which was why they paid such irrationally exuberant prices during the infectious greed years]. With masses of production of money, we should get inflation, not deflation and a stock market bubble, not a bust. Then again, because Uncle Al, KBE, knows what he's doing, we will actually get inflation at about 2% and a gently rising stockmarket once the smoke has cleared and it's back to business as usual. The biggest bubble and hugest market capitalisation in history has been and gone, with umpty trillion dollars deflated from the wishful thinking of those who must have got their calculators out and mistakenly figured that their portfolio was now worth some huge such and such figure because a few wackoes bought a few shares at huge prices. That didn't mean that ALL the shares could be sold at those huge prices [QUALCOMM wisely sold quite a few when being S&P listed to benefit existing shareholders from the crazy prices and to increase liquidity of the shares]. It would be surprising if there is a deflationary collapse since very big shocks and much tidying up has already been done. Mqurice