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

To: stockfiend who wrote (83546)	8/20/2008 6:22:18 PM
From: JimisJim	Read Replies (1) \| Respond to of 116555

Well maybe not "global" but certainly a large sector/segment of it... "I guess that means Intel and AMD ushered in global deflation 10 years ago." If you are talking about just the computing/consumer electronics sectors, they've been in deflation for years. Everything in the sector has become faster, better, and cheaper year after year. But not so in other sectors, e.g., cars and trucks -- they've arguably become better and safer, but not cheaper. It strikes me that the world economy is so large that there can be deflation and inflation and stagnation all going on at the same time. How one views the global aggregate is the key, as is how large one views any particular sector (or groups of sectors) relative to the whole, combined global economy. If the above were not true, it would be difficult to even have an inflation/deflation debate, because all sectors would be in lockstep and the answer would be obvious to a 5-yr.-old. Or at least that's my opinion on the inflation/deflation discussion. Jim