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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: gregor_us who wrote (17705)	4/25/2007 7:05:37 PM
From: benwood	Read Replies (1) \| Respond to of 220172

Gregor, I read that via your post on Russ's blog -- excellent piece, thank you. I never bought into that idea of Russell's because it didn't quite make sense to me. I think you built your case clearly and it rings true to me at least. --Ben

To: gregor_us who wrote (17705)	4/25/2007 8:49:01 PM
From: TobagoJack	Respond to of 220172

Thank you much for putting in the time, to altruistically do a service, to try and save souls. I have printed out the PDF version, and will read it with care while on the bus home, for the matter is worth spending time thinking about, because we are in uncharted territory and a lot of flopping and chopping, back and forth, hesitation, uncertain moves, and lack of conviction can reduce our NAV purchasing power materially.

To: gregor_us who wrote (17705)	4/26/2007 12:53:48 AM
From: energyplay	Respond to of 220172

A good essay. If we look at what Corporate America has been doing, since 2000 they have been de-leveraging until about 2004. Now, with private equity and stock buy backs, they are increasing leverage, going short the USD. Since most SP500 have large non-US Dollar sales, this is a real dollar short. ********* There are three major factors in national savings - governments, corporations, and households. The federal government side has been spendthrift, but state and local governments have mostly improved balacne sheets. Corporations are awash with cash, and generating even more. Households are not as bad as indicated by the "household saving s" figure, which is a very poor statistic. It excludes 401 (k) contributions, but counts withdrawls. It also excludes capital gains from income. So real US household savings is likley positive, and skewed heavily towards higher income. My take is it will take a lot more sub prime problems to push the USD towards deflation.