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

To: mishedlo who wrote (20150)	1/2/2005 11:21:34 AM
From: Chispas	Respond to of 116555

"...Jay Taylor published a speech from John Exter that the old deflationist delivered in 1982. Then he answered it. Even earlier than in the published 1982 speech, John Exter was predicting an imminent deflationary collapse of the banking system. But here we are, two decades later and still nothing like Exter’s scenario has taken place, at least not in the United States. Was this great independent thinker simply wrong in his analysis of underlying market fundamentals and the banking system? Or was he merely premature in his forecast? Logically, I have difficulty finding anything wrong with Exter’s fundamental analysis of the markets. He was, after all, an avowed Austrian economist so in spite of his membership in the Council of Foreign Relations, he was a true free market thinker. He only differed with his personal friend Ludwig von Mises on the issue of how an over-indebted fiat monetary system would play out over time. And he certainly had little if any respect for either Keynesian or monetarist theories...." Complete article -- investmentrarities.com