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

To: stockman_scott who wrote (10109)	12/8/2002 12:03:04 PM
From: Jim Willie CB	Respond to of 89467

comment on Cocchetti and deflation (could not open PDF well) ignore the deflation? Roach reports 65% of economic sectors suffering from deflation right now ignore that? no way, not unless ignore reality the most dangerous deflation we had in 2001 was with telecom, bringing default, lower prices, disappeared profits, lost jobs now the most dangerous deflation we have in 2003 will be THE AUTOMOBILE SECTOR, with all its supporting niches from finance to parts, but sparing repair & maintenance (get it? sparing?) I cannot say what his main points were but I can anticipate he minimized the deflation threat coming from academia, he probably stands on monetary stimulus clearing all obstacles ALL EXCEPT DEBT ON BALANCE SHEETS (unless bankruptcies) not a chance, it is big, it is real, it is deadly / jim