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

To: benwood who wrote (8635)	7/2/2004 1:46:16 PM
From: mishedlo	Respond to of 116555

more from Heinz Date: Fri Jul 02 2004 11:03 trotsky (Wooly, 10:36) ID#377387: Copyright © 2002 trotsky/Kitco Inc. All rights reserved absolutely. i also expect a continuing very uneven distribution of price declines and price rises. but i do expect the PPI and CPI aggregate price measures to slip into outright, mild deflation within the next few years. i have definitely adopted a view that is not in sync with either that of the outright inflationists or the extreme deflationists like e.g. Prechter. but if i were a central banker, my assessment of the 'balance of risks' would differ markedly from Greenspan's most recent take. i still think the evidence favors a deflationary outcome. of course, i personally don't think deflation is 'bad'. it's only bad for people up to their eyeballs in debt, and it's bad from the PoV of fiat money printing central. for the rest of us, what can be 'bad' about things getting CHEAPER? the exact opposite is true...we should root for deflation, the more the better.