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To: MeDroogies who wrote (564)5/9/2003 8:42:14 PM
From: Jon Khymn  Read Replies (1) | Respond to of 795
 
I agree on 'soft landing', it was still rough but it could have been worse.
Not only that, Greenie did give us a pre-warnings back in bubble days. Can't really complaint too much about him.

Isn't Stagflation means high inflation with low or no economic growth?
Not sure if we are in that situation... very low economic growth, yes, but high inflation? maybe no.

I think we are more likely to get into deflation...



To: MeDroogies who wrote (564)5/10/2003 12:09:52 AM
From: pass pass  Read Replies (1) | Respond to of 795
 
good thesis, should I load up Intel and Microsoft then? You said "But this stagflation is more manageable due to improved computing and management versus, say, the stagflation of the 60's or 70's"

again, good thesis, but I don't think we are in stagflation. There is no pricing power thanks to the 1.3 billion smart and hardworking Chinese. I think the Chinese has brought deflation to the world.


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