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


To: NOW who wrote (67714)8/16/2007 3:49:54 PM
From: ballsschweaty  Read Replies (2) | Respond to of 116555
 
There is no historical precedence for deflation under a fiat money regime.

Gold bulls at this point are relying upon the Fed to not allow a credit contraction. Ironically, that's the same hope held by every perma bull trotted out on CNBC.