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


To: mishedlo who wrote (54429)8/7/2006 8:47:26 PM
From: Tommaso  Respond to of 116555
 
My view is (as you know) that the Japanese are so much more disciplined economically than we (USA) are, that deflation has been possible there.

We are the great inflationists of credit and money and have no discipline at all.

Our currency must devalue terribly, and our prices must rise greatly as a result. Or so I see it.

See you in five years for the result! <G>