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To: NOW who wrote (210821)	12/19/2002 10:15:20 PM
From: Smart_Money	Respond to of 436258

Social Security is in bigger trouble if we are in deflation mode. p.s. Thank you for replying to me. Your the first one to acknowledge I exist here. Around here they don't take kindly to new posters. LOL

To: NOW who wrote (210821)	12/19/2002 11:48:07 PM
From: patron_anejo_por_favor	Respond to of 436258

markpoyser.com

To: NOW who wrote (210821)	12/20/2002 12:10:05 AM
From: GrillSgt	Read Replies (1) \| Respond to of 436258

The man is clearly embarking on a PR campaign to con the public into believing that events were beyond his control.. Time for change..this guy "gets it"... djgaston.com

To: NOW who wrote (210821)	12/20/2002 10:44:07 AM
From: reaper	Read Replies (1) \| Respond to of 436258

<<but if deflation were to develop, options for an aggressive monetary policy response are available>> what was it that Creamer used to say...err... WRONG!!! if deflation were to ever DEVELOP (as opposed to threaten to develop, which is where we are now) then it is game over. policy has no traction if the general price level, wages, and especially ASSET prices are falling. you'd think at the age of 150 or whatever the f8ck that senile old man is he would have learned a little bit of economic history. Cheers