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To: loantech who wrote (30492)8/27/2004 12:44:33 PM
From: LLCF  Respond to of 39344
 
I think this is worth repeating... Heinz would be proud:

<<great inflations though don't require robust employment markets and consumer demand. I think that's the trap you are in here. There are many, many historic inflations where there was abject misery, and very poor and weak economic conditions (in fact that's the rule). Most of them have big debt loads. You guys go on and on about "income", and "jobs", but I see very little positive correlation between those variables and price stability issues.>>

DAK