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

To: Real Man who wrote (76532)	12/24/2006 8:16:23 AM
From: westpacific	Read Replies (3) \| Respond to of 110194

In deflation/depression - at least savers do not get creamed. In hyperinflation - pigs, savers, non-savers all get creamed. Since we have so few savers in the US, which do you think it will be! West

To: Real Man who wrote (76532)	12/24/2006 12:02:56 PM
From: bart13	Read Replies (2) \| Respond to of 110194

I hope this won't transpire here. To say I share your hopes and concerns would be the understatement of the year. In a very real sense and given the choice, I'd very much prefer Mish's deflationary scenario now even though I also think a hyperinflation (informally defined as anything over 20-25%) is most likely to occur first. To be fair too, the future isn't exactly taped. I recall very similar and valid concerns during the mid to late '70s and very early '80s, and Volcker's actions ended up closing the door on it. Just so I don't get misunderstood again, I see nothing on the horizon like Volcker now... and I also saw nothing like him or what actually happened on the horizon in 1977 or 1978 either - that's my real point.