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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (2404)	11/19/2003 11:08:50 AM
From: mishedlo	Respond to of 110194

I am amused by the assumption some make that because higher interest rates will be bad for our economy, rates will remain low for the forseeable future despite all the bubbles and distortions going on today. I am amused by inflation hawks missing the big picture that when this reckless expansion of credit stops, we go into a deflationary death spiral like Japan. There are signs that no one wants this money any more and that consumer spending is slowing on its own accord. There are bubbles. They will be popped. They will be popped by companies going under and people going under, not by inflating our way out of this mess. GM and F going under will be extremely deflationary. A slowdown in housing will be extremely deflationary. M