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

To: mishedlo who wrote (79049)	5/13/2008 12:14:10 PM
From: stockfiend	Respond to of 116555

I agree it's extremely difficult to measure general inflation via a basket of goods. There really isn't an alternative though. I also agree that general inflation is a lagging indicator of monetary inflation but I haven't seen any hard data that says the recent credit contraction/monetary deflation has reduced money supply beneath the productive capacity of the world economy, thus I expect general inflation to continue to rise. As for the impact of US interest rate policy, I disagree that it can't address oil prices or worldwide inflation. The Fed can send the U.S. into a deep recession and the world will follow. Problem is it would take very high U.S. interest rates to do this.

To: mishedlo who wrote (79049)	5/13/2008 1:08:25 PM
From: $Mogul	Read Replies (1) \| Respond to of 116555

JPMorgan CEO: Recession is just beginning Says despite ebbing of credit crisis, country my face extended downturn msnbc.msn.com