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

To: glenn_a who wrote (90857)	1/27/2008 12:42:29 PM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

'To me, it has more the feeling of an act of desperation to prevent the global credit system from unwinding. That's what happens in a credit bust' Seems like only twice in history has this resulted in deflation.. Even if you look at our great depression most of the damage was from 1930-32.. The second leg in 1937 would never have happened if we had run deficits or WWII had started four years earlier.. We have had an unprecedented housing crash in parts of this country for over two years now. I live in one of the ground zero areas and the costs of everything else you need is going through the roof..