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

To: NOW who wrote (21938)	1/21/2005 3:15:35 PM
From: Tommaso	Read Replies (2) \| Respond to of 116555

You are right--I forgot about Japan. But I was talking about the United States, anyway. Yes, if the United States and its citizens were to devote the next dozen years to living in a financially disciplined way and trying to pay off their debts, and if the dollar remained a strong currency, there could be deflation. But that's not the American way. I don't know what is going to happen, but I cannot see the U.S. dollar going anywhere but down, like a South American currency, not staying stubbornly strong like the Yen.