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To: John Vosilla who wrote (1650)	4/2/2008 11:59:49 AM
From: blazenzim	Read Replies (1) \| Respond to of 1718

<Have you guys looked to see the devestation in stock prices since November in areas that have nothing to do with the housing/credit crisis?> Like what? Our entire economy is tied to the ability to borrow and spend beyond our collective means. You mentioned Borders and Circuit City yesterday. Borders is screwed because only idiots buy books at full retail in physical stores. Circuit City is screwed because they fired all of their good store employees and hired a bunch of illegal Mexicans who can barely speak english. Both companies depend on consumers to spend beyond their means for their existence.

To: John Vosilla who wrote (1650)	4/2/2008 2:03:07 PM
From: SouthFloridaGuy	Respond to of 1718

The deflationary forces aren't spurring the economy, right now they are spurring hard assets. It's fun when the "inflation" is in stocks and housing. Not so fun when it's in one's gas tank. The deflationary forces began in earnest in 1998 and since then we ebb and flow between inflation and deflation, all the while getting poorer. At some point the gig will be up for good. I suspect when the Fed has lost a handle on the yield curve. 2's/10's are pretty wide right now, ensuring a nice sub-par commodities driven expansion <g>. Banks won't be lending anytime soon as they just began increasing standards last fall. We can call it inflation, deflation, stagflation...who cares? Just own gold...gold stocks for now.