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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: nextrade! who wrote (18484)	3/12/2004 9:54:59 PM
From: nextrade!	Read Replies (1) \| Respond to of 306849

Creative Destruction Credit Bubble Bulletin, by Doug Noland The Current Account Deficit and The Bane of Inflationism March 12, 2004 prudentbear.com “Creative Destruction” may provide rather nifty cover, but it’s definitely not the issue. We are in the midst of a truly pathetic case of inflating our way to financial debacle and economic impoverishment. And, damn right, there will be a backlash. Not only are many of our workers being priced out of the global marketplace, they are taking on enormous debts in the process. Come the unavoidable bust, there will be the natural search for scapegoats and villains. There will be a move toward protectionism, isolationism, and nationalism. And the inflationists will surely be quick to point blame at inept politicians, shortfalls in our education system, and powerful global forces outside of our control. And we will be challenged not to let them get away with it.