Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Oblomov who wrote (22913)	8/20/2002 7:15:28 PM
From: Maurice Winn	Respond to of 74559

Oh, I wouldn't say deflation is coming. Uncle Al will print untold barrows full of greenbacks and ship them over to GeorgeW and co who will have no trouble spending them. Uncle Al needs to do that because the tax revenue has gone kaput, especially the capital gains taxes, but also a lot of other taxes. Meanwhile, the spending by the government hasn't decreased, so a big printup will avoid deflation, keep the government employee bludgers in the manner to which they have become accustomed and keep the economy ticking over happily. It will probably zoom up asset prices, such as shares [though there is still some downward pressure due to debts and other messes, so shares might just travel horizontally for a while while the mess is cleaned up], Aztec stuff, land and other fixed supply things measured in shrinking dollars. Mqurice