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

To: zonder who wrote (25894)	3/18/2005 11:23:23 AM
From: mishedlo	Read Replies (1) \| Respond to of 116555

Since you have not objected to nor commented on anything else I wrote in the previous mail, can I safely assume that you now understand why US Fed is entirely justified in raising rates, and how 2.4% inflation is an entirely normal level of inflation that has no resemblance to a deflationary path a la Japonaise? There is inflation now and there will be until the housing market in the US, UK, and China occur. I expected it to happen by now but I remain wrong. I am not giving up my deflation scenario and the fact that no one thinks it is possible is just fine by me. The inflation we see now is a direct result of the FED seeing deflation coming and embarking recklessly to prevent it. Yes, Greenspan is to blame. He delayed K-Winter he did not defeat it. That is my position and I see no reason to change it. The increased debt levels everywhere all point to the same eventual end: a total collapse in credit, probably worldwide. Mish