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

To: Horgad who wrote (75487)	12/13/2006 10:56:06 AM
From: GST	Read Replies (3) \| Respond to of 110194

My point is simply that Mish is flat wrong on what is going to happen in the next few years -- and wrong for deep and powerful reasons: Message 23098010 Once you let go of the idea that inflation is about prices, you turn your back on reality and enter an imaginary world that is increasingly divorced from reality. It might not be pretty, but my view is that reality is better than delusion. If anybody actually wants to understand the bond bubble then you had better grab reality by the horns. Once you drink the coolaid and say that money supply is inflation, there is no turning back -- no way back to reality. Inflation is about price levels, and there are factors other than monetary policy driving inflation. These other factors are growing in importance and combined with monetary policy are setting the direction on inflation. If you ignore these other factors you will be dead wrong on inflation.

To: Horgad who wrote (75487)	12/13/2006 11:17:40 AM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

'As it is, the masses complain about the price of stuff going up, but most are clueless about the impact of deficit spending, the implications of fiat money, why its bad to run the printing press non stop, and how their wealth is being stolen from them. Maybe that is the way you would like to keep it?' I don't think GST ever says that is the way he would like to keep it. It is the game that the powers at the controls choose to make and GST is just playing within the rules of the game. None of us are above it. The immense loss of purchasing power of your dollar is an ongoing and cumulative concern for everybody and everything going on today is only accelerating that process.