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

To: Maurice Winn who wrote (195)	11/26/2002 10:21:00 PM
From: JF Quinnelly	Read Replies (1) \| Respond to of 621

Lol! Maybe ahhahaha works partime as a magician's rabbit, and vanishing into thin air is part of the act. The Great Reckoning, a 1994 book by James Dale Davidson and Lord Rees-Mogg first got me thinking about the possibility of deflation. As I recall, derivatives and unfunded government liabilities were among the items that had them worried. It's been a while since I read it, and I'm not sure of the particulars anymore. What did intrigue me was their argument that the Fed would be unable to halt a true deflation, that it would simply have to run its course.