To: reaper who wrote (225045 ) 3/3/2003 6:21:08 PM From: patron_anejo_por_favor Read Replies (1) | Respond to <<but frankly i'd take my inflation / treasury / gold calls over that nutcase Mogambo Guru; he's getting kinda like Noland, just writing the same thing every week but changing the words a little.>>Deflation in domestically produced goods and services. The worst of all worlds, to be sure, and one in which bondholders will be shagged royally, falling yields or no (thus my comment about bond returns in Euros...it COULD matter at some point, even to a Beantownian!politically expedient, as every ClownGreaseMan and Woman (except one or two fringe loonies like Ron Paul) has more or less proclaimed deflation to be the avowed enemy of the U.S. public. Hyperinflation is the political path of least resistence, in no small part because politicians always think their jobs are riding on it...recession (or any other temporary discomfort/inconvenience) is to be avoided at all costs by the current generation of "statesmen" here and abroad. One must never forget that EVERYTHING possible will be done to support the remaining circus tent pole propping up the U.S. economy, ie, the housing bubble. If we can screw over the creditor class (ie, Euros and other alien bagholders) at the same time, so much the better! "Vote against US in the UN, will you?....We'll show YOU who's boss!" . Owe a man a billion and he owns you...owe him 20 trillion and YOU own HIM, HO HO HO!
