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

To: mishedlo who wrote (80856)	6/29/2008 11:46:46 PM
From: Dan3	Read Replies (1) \| Respond to of 116555

Re: Worries over inflation are point blank silly in the US & UK given the US is in deflation now and the UK is headed there I'm not so sure about that. For example, my house is worth about twice what I paid for it in (in 1992), maybe more. For somebody who bought in 2005, at the peak of the bubble, that won't be the case. But there's more to the economy than houses. And the bursting of a bubble in one sector does not mean deflation. Compared to 1992 (or a couple of months ago) Food's up a lot. Energy's up a lot. Steel's up a lot. Etc. etc. Wages and bonuses income (once you average in megabuck CEO types) are up. The general level of wages and prices is - up.