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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (74973)	12/7/2006 12:21:02 PM
From: GST	Read Replies (2) \| Respond to of 110194

<I will offer one point and that point is the enormous consumer debt in the US vs Japan. That is a huge deflationary pressure in the backdrop of falling wages and outsourcing> Japan had a huge net personal savings position -- in the ten trillion dollar range -- and little if any consumer debt, yet they slipped into deflation. No country on earth has experienced more outsourcing than Japan which is now tied at the hip to China and to a lesser extent other countries in south east Asia. Time after time you completely miss the mark and then try to go to perpetuate this myth than the experience of Japan is similar to our own situation when it is the exact polar opposite of our situation. The US is very vulnerable to recession at this point, although even that is not a given. On the other hand, a Japan style deflation could not possibly be further from reality. Japan went into deflation while its consumers were sitting on their wallets with their pockets absolutely stuffed with trillions in cash and no consumer debt. Deal with reality -- not fantasy.

To: mishedlo who wrote (74973)	12/7/2006 1:27:42 PM
From: bart13	Respond to of 110194

"Mish, I have yet to hear any logic from you concerning Japan that I agree with." I have on at least a dozen occasions addressed the issue, you just do not accept the answer. And I am not about to rehash it in detail either. I will offer one point and that point is the enormous consumer debt in the US vs Japan. That is a huge deflationary pressure in the backdrop of falling wages and outsourcing. Well put, even though you & I don't see eye to eye on Japan. At least he doesn't go off the deep end and make totally rash and doofus assumptions like the Wyatt dork. 1. He disagrees that Mary Barker Eddy should be on a list and criticizes Christian Science, and notes a number of deaths - 64 if memory serves. 2. I simply note the 100k deaths per year from iatrogenic causes. 3. bam - suddenly I'm some religious freak and more, and receive ad hominem attacks. 4. I return the favor and then bam - I'm the ad hominem attack freak... very humorous. 5. I make the very real point that MBE is on that list due to bringing the whole issue of psychosomatic illness to the broad public... and of course, he ignores it since it conflicts with his AMA and medical establishment worship - or similar ILLogic. At least I "admire" the way he only addresses points that he has invented for me. <g>