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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (270330)	12/11/2003 10:21:38 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 436258

<<When too much debt infects the heart of capitalism you either default or inflate it away and the latter is by far the easiest...">> It's easiest, but when yer in a deflationary spiral, it's also impossible. You can print it up, but nobody takes any of it except for various and sundry Bubbleonians. Not that they haven't tried, and won't keep trying....<NG> I think we'll see inflation in some areas where supplies are relatively fixed and demand is worldwide or inelastic (commodities, health care, gold)....and deflation in most other areas (wages, housing, all electronic/tech craparoni, debt generally, and the US standard of living). The worst of all possible worlds, as it were....Gross is more or less right about how to play it, until competitve devaluation accelerates. Then the foreign paper may accelerate to the downside along with the dollar in a race to the bottom (kinda like that dumba$$ Hummer ad with "Happy Jack" playing in the background, ugggh.)