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


To: GST who wrote (92364)3/17/2008 5:34:17 PM
From: Mike Johnston  Read Replies (2) | Respond to of 110194
 
Apparently, the deflationists have changed the definition of deflation.

Here is the new definition, listen carefully :

Deflation IS low bond yields.

-g-



To: GST who wrote (92364)3/17/2008 5:41:55 PM
From: pogohere  Read Replies (1) | Respond to of 110194
 
You define inflation as primarily an increase in prices. Okay. So what does it mean if the capital being "banked" on in the credit system is pretend?; .i.e. the assets purportedly backing up the "capital" are not worth the amount assigned on the books. What are the implications of this going forward--for prices, for economic growth? What is the effect of the institutional failures that result from the high leveraging of credit that ceases to be available?