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

To: Dan3 who wrote (76417)	3/19/2008 3:12:02 AM
From: mishedlo	Read Replies (3) \| Respond to of 116555

I think Bernanke has decided to handle falsely doubled housing prices with a 50% inflation in prices and money supply - and then hopes (and expects) to be able to halt the inflation as quickly as it was begun. 50% inflation does not do a god damn thing for someone without a job except bankrupt him. For that matter, since wages aren't going up, 50% inflation bankrupts everyone. Think of what that would do to interest on the national debt. Thus Such talk as a solution is absurd and Bernanke knows it. Mish