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

To: mishedlo who wrote (66234)	6/17/2007 12:27:18 AM
From: benwood	Read Replies (2) \| Respond to of 116555

I think you are right. I don't seriously we can get away with inflating away our troubles, because the inflation will bring on so many troubles. On top of that, we've had the common man already trending down in real purchasing power for twenty years, and I think that downtrend rate is starting to accelerate. It's going to be a toxic brew, but the headlines will be shouting the low unemployment, low "core" inflation, and record stock market averages. On newspaper, it will be the best of times. Will the sheeple ever wake up? I don't know, but if they do, they will discover the gov't can keep track of everything they do, all their medical conditions and prescriptions, everything they buy, everything they e-mail, everywhere they surf on the Internet, everything they watch (if they use Tivo), everybody they call. Everywhere they go, via car or in person. Those who don't just swallow the bitter pill will be placed on all the appropriate hassle lists.

To: mishedlo who wrote (66234)	6/17/2007 7:25:43 AM
From: valueminded	Read Replies (1) \| Respond to of 116555

Mish: Nice blog, but I still believe that "near term" inflation will be the monetary force we deal with. Since both consumers and govnt have debt issues, I think, the simple "solution" is to try to inflate it away. It appears to work as long as the consumer (and bond buyers) can be kept in the dark about the decreasing buying power of the dollar. Longer term, its a problem. The issue (for me) has been the timing of the major monetary turns. If I had insight there, in the very least I could begin preparations or at least be ready. Many on this and other threads have called for a deflationary turn for the past 7 years - yet it has not happened. Any thoughts ?