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

To: mishedlo who wrote (49995)	4/23/2006 10:12:49 PM
From: Square_Dealings	Read Replies (1) \| Respond to of 116555

nh-dwi.com

To: mishedlo who wrote (49995)	4/23/2006 10:14:03 PM
From: LLCF	Read Replies (1) \| Respond to of 116555

Yep, also out of the Heinz playbook ala 'Austrian' school of economics: <you have to find a measurement of inflation. We measure inflation by rise in money supply.> As used to be chronicled even back when I graduated in Economics ('80), the never ending increases 'reserve currency' holdings is simply 'stored inflation'. God help all in the way when the dam breaks. This also (IMHO) adds an important dimension to your answer on the next post... ie. "WE HAVE HAD INFLATION": <<Let me turn it around. If it is money supply which is responsible for inflation, why haven't we as yet had an explosion of inflation?>> Yes, we have... BUT WE AINT SEEN NOTHIN YET, CAUSE THE DAM HASN"T BROKEN!! Those who think we've seen even a fraction of the inflation portended by past MS growth are mistaken IMHO. When the dollar gaps down 20% and doesn't look back, THEN we'll realize what's happened. More importantly to those here re. the dam... let's hope our surf boards hold up!! DAK

To: mishedlo who wrote (49995)	4/24/2006 9:46:42 AM
From: Tommaso	Read Replies (1) \| Respond to of 116555

Mish, let's quit talking about inflation for a second. Would you agree that the total output of the world's economies depends in large part on oil? Would you agree that without oil as a fuel, the economies that we live in could not function, as they are currently constructed? People could not travel as they do. Goods could not be shipped. Many factories could not function. Modern commerce would be impossible. If all shipments of oil ceased, all the economies would cease to operate. Would you agree with that?