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

To: Crimson Ghost who wrote (29047)	4/30/2005 2:53:53 PM
From: sciAticA errAticA	Read Replies (2) \| Respond to of 116555

re: To be blunt about it ... to be blunt about it, we need a comprehensive, coordinated collapse of financial, credit, debt and equity markets world wide... ... we need the global house of cards to fall in a stunned, dead heap - much like the sacrificial cow at the end of Apocalypse Now...

To: Crimson Ghost who wrote (29047)	4/30/2005 4:28:11 PM
From: SouthFloridaGuy	Read Replies (2) \| Respond to of 116555

Personally I think inflation is worse in the long run because it undermines the credibility of the central bank, credit, and currency. Deflation is curable and is a natural part of capitalism - purge the bad debts and allow for government stabilizers to allow people to live during the hardship...give them health-care, welfare, food stamps, etc...dignity. The Europeans (particularly the Germans/Austrians) understand this far better because they have seen the best and worst of business cycles (and human nature) whereas America's ascent really began after WW2. If inflation were so great, Zimbabawe would be the wealthiest nation on Earth.