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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (27909)	3/6/2005 10:05:36 AM
From: Tommaso	Respond to of 110194

I think I will just stick with what I said. There are various Nobel Prize winners who share the same "silly" view that I hold.

To: mishedlo who wrote (27909)	3/6/2005 3:28:25 PM
From: Tommaso	Read Replies (1) \| Respond to of 110194

Tell you what, Mish. If by deflation, you mean that we might see, in the next few years: 1. A decline in the broad stock markets by over 30%. 2. A decline in various housing markets in the U. S. of over 30%. 3. A further decline in the dollar of over 30%. Then I agree with you. All those things seem to me not only possible but likely. But I do not expect to see much decline in the prices of things that I spend money on, and I expect to see the cost of energy and food rise by 30%. Also things like clothing and anything else imported. I expect to see a rising cost of living. This is what I mean by inflation. I expect my dollars to buy less. Jeez, it's already bad enough outside the United States. A beer and a sandwich in a London pub will set you back about $20 now.