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To: Oblomov who wrote (189505)8/27/2002 12:31:34 AM
From: LLCF  Read Replies (1) | Respond to of 436258
 
<Isn't this contradictory? Raw materials and basic goods are purchased by manufacturers via a system of credits. If the credit system blows up, then these goods will also experience price deflation. >

All the raw materials and manufactured goods are imported.. if dollar collapses they all explode in price. I think he means 'necessities'... as for credit related... homes?

DAK



To: Oblomov who wrote (189505)8/27/2002 7:43:52 AM
From: orkrious  Read Replies (2) | Respond to of 436258
 
As LLCF thinks, Puplava has said he means deflation in credit items such as cars, houses, and anything else supported by the credit bubble. There will be inflation in necessities.


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