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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?


To: isopatch who wrote (32244)9/5/2003 12:12:47 AM
From: Claude Cormier  Read Replies (4) | Respond to of 36161
 
Many do not share this view.

I think that the proponents of this deflationary era underestimates the menas that Greenspan has to re-inflate.

I think we will all be surprised by how this will happen.

The reality: Greenspan and company will fight deflation will all the tools they have even if the government has to send a check of $10000 to every americans so they can spend on goooooods!



To: isopatch who wrote (32244)9/10/2003 2:58:27 PM
From: Yogizuna  Respond to of 36161
 
>>> Such a overwhelming level of debt only disappears via a massive tidal wave of defaults. The financial system implodes forcing a massive contraction in global economic activity and world trade. Overall indices of prices and wages fall.
The CBs monetary arsenal in such a situation is like using pea shooters to fight King Kong! <<<

Or like a BB gun against a tank!