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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (34687)	6/30/2005 8:44:30 AM
From: Mike Johnston	Read Replies (2) \| Respond to of 306849

One thing you have to realize, there is a lot of economic pain happening right now, even without any downturn, just look at the foreclosure section in the local paper. Many homeowners are barely holding on, only rising equity keeps their net worth positive. Living expenses are going through the roof. Inflation does more long term damage to the economy than any deflation would. The deflationary outcome that you predict would not be as bad as the one that i predict (stagflation). What is better a depression or a depression with inflation ? At some point in the future the foreclosure section of the local paper will be bigger than employment section, no matter if we end up in deflation or hyperinflation.