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To: Jim McMannis who wrote (1076)7/24/2007 1:27:15 PM
From: Mike JohnstonRead Replies (1) | Respond to of 1718
 
I know the answer to this question.

Those prices will never be seen again.

Have to wait for deflation until "the greenback" will be colored pink and possibly will have a "new" in its name. -g-



To: Jim McMannis who wrote (1076)7/24/2007 1:51:48 PM
From: John VosillaRead Replies (1) | Respond to of 1718
 
He isn't even putting up much of a fight on the inflation front anymore<g>

siliconinvestor.com

Bottom line is if the apparent spread between global GDP growth and long term interest rates in the US/Euro/Japan/China world stays where it is all will be okay.. If that spread were to disappear across the board all hell would break lose. You don't even need to concern yourself about what inflation really is when doing the calculations. Mish will figure that one out like he is slowly figuring some of the other stuff out too<g>