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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Perspective who wrote (76489)	6/23/2003 9:15:46 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Deflation - where a dollar or euro or pound buys more over time, not less - leads to a transfer of resources from debtors to creditors. The more powerful the debtors, the greater will be the political resolve to avoid deflation; the more powerful the creditors, the weaker the resolve. US officials and commentators often exhort the Japanese to inflate their economy. This fails, not because the Japanese are deaf but because Japan is a nation of creditors. If you are a creditor, voting for inflation is on a par with a turkey voting for Christmas. Arranging the world's biggest economies by their net creditor or debtor status suggests deflation is most likely in Japan, Switzerland, Italy and Germany and least likely in the US, Canada, Australia and the UK Message 18988861