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

To: maceng2 who wrote (26059)	12/13/2002 5:09:05 AM
From: maceng2	Respond to of 74559

Had to check out who Bernanke was.. That is why Mr Bernanke titled his speech: "Deflation: Making Sure "It" Doesn't Happen Here" the-privateer.com An insightful definition of deflationary pressure. The article explains things clearly. Should an individual or a group of individuals actually decide to start paying DOWN their debt, the total means of payment is reduced. Should an individual or group of individuals be UNABLE to service their debt and go bust, the total means of payment is reduced. This is, of course, deflationary in the true definition of the term. It is also the worst nightmare of commercial bankers, Central Bankers, and governments everywhere. That is why Mr Bernanke titled his speech: "Deflation: Making Sure "It" Doesn't Happen Here". So to recap my current view on things.. (1) Treasury secretary Paul O'Neill resigns, as does Lawrence Lindsey. (2) Lots of people out of work looking for jobs. They may take a pay cut from what they were earning in previous employment. Is that deflationary?? (3) Gold price spikes up. (4) Expecting ramp in tech stocks etc as usual.