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To: LTK007 who wrote (2314)	5/12/2008 4:29:30 PM
From: sea_biscuit	Read Replies (2) \| Respond to of 3906

Mish keeps writing the Fed will do the right thing, and tighten, what he doesn't recognize, if Fed tightens, we collapse as we have existed on easy credit for so long, and CBs have let U.S. run wild by supporting our madness for so long, we are in fact like Wiley E. Coyote running running running at altitude in the mid-air. World tightens and U.S.Economy is Wiley E. Coyote defiance of gravity terminated and in free fall until an obliterating crash. Recently Puplava commented to a caller's question about Mish and said that Mish has "been arguing for deflation for about four or five years and he's been wrong for four or five years." And just this morning, Mish posted a crazy article on his blog essentially saying that falling home prices should more than neutralize the price increases in milk, food, gasoline etc. So, in Mish's imaginary world, we are living in an era of rampant deflation. Unfn-believable!