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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (3985)	4/8/2004 9:43:24 PM
From: Tommaso	Read Replies (1) \| Respond to of 116555

>>>Please explain that to those that think the answer is a sudden 2 point hike or a series of 3/4 point hikes<<< Even that would not have the deflationary effect of a rigid gold standard. What we really do not want is a freezing up of economic activity and a cessation of business. It is possible to cause this. But it would be better to have 10% per year inflation than 3% per year deflation. I am sure happy that I do not have to take responsibility for the U.S. economy. I do think Greenspan missed a major opportunity by refusing to raise margin interest rates in 1999. He had the power and the tools and he did not use them.