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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: pogbull who wrote (4730)	8/18/2002 12:27:33 PM
From: Jim Willie CB	Respond to of 89467

Mauldin Letter comes to my work email over the weekend fascinating read, as usual Mauldin should be Head of Council of Econ Advisors instead, we have a Harvard School of Thought dumbfuch I dont know why Mauldin continually relies on CPI as a measure of ANYTHING meaningful or worth of discussion the Cleveland Ded Medium CPI is superior CPI measures what the USGovt wants it to measure: goods & services from the oversupplied overproduced marketplace he points out the risk of policymaking error this is huge imho just look at the Hoover-like trade barriers imposed I dont fully understand Bill Passes since last autumn I expected STAGFLATION one way or another we in the USofA inventing reflation debt collapse, broken bubbles, pulled plug on capital markets... combined with the world's heaviest monetary printing presses it all adds up (by whatever path) to either STAGFLATION or INFLATIONARY RECESSION but for a while, some deflation the trouble with our current economic policymaking process is that they have delayed AND faulty statistical data so policy reaction will be slow as hell the other challenge is shedding so many heretical, political, and downright incorrect economic beliefs glad to read that Mauldin talks about the flood of money circulating in the world, esp its black markets he touched barely the surface of the point that during our extreme monetary expansion period we saw no inflation instead, we exported that inflation now with the decline in the USDollar, we import it back that is the biggest reason in my little mind why deflation will be subdued if the dollar declines too much, we have a certain INFLATIONARY RECESSION not much different from stagflation, just a few more negative GDP quarters / jim