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

To: At_The_Ask who wrote (24463)	10/23/2002 4:09:47 AM
From: Maurice Winn	Respond to of 74559

At The Ask, I didn't mean the productivity acceleration would prevent or even reduce booms and busts. I merely meant it enables lots of printing of money without inflation. Which is not to say there won't at times be excessive inflation and sometimes deflation. Volatility will always be with us because we can't measure how things really are and we definitely are not good at predicting the future. So, we'll get volatility, which means boom/bust inflation/deflation employment/unemployment growth/recession. Actually, there has been inflation rather than deflation since the 1970s but at low levels after the big inflationary times of the oil quadruplings. Re paying back the debts: the simple answer is that the USA will print its way out of debt, thereby defaulting on the debt in a sneaky way. Jay subscribed to that idea too. Okay, I agree that there'll be an element of that, but the consequences of a USA default wouldn't be worth the savings, so it'll be a hybrid process = some work, save, thrift, repay debt + some printing and inflation + whatever other tricks they come up with [gold sales, WAT and whatnot, willy nilly]. Place your bets. Gentlemen, start your engines! [Okay, you Sheilas too, fire them up - no cheating with photovoltaic wing propulsion]. Mqurice