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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: Fiscally Conservative who wrote (11237)8/21/2008 3:25:06 PM
From: ecrire  Read Replies (1) | Respond to of 50324
 
jim-p makes the valid point that Fed bailouts cannot force banks to resume lending given their precarious financial condition. Without credit, business grinds to a halt, meaning severe recession which is deflationary. So we're back to the inflation/deflation debate and each will act according to their beliefs.



To: Fiscally Conservative who wrote (11237)8/21/2008 3:51:41 PM
From: jim_p  Read Replies (3) | Respond to of 50324
 
I think oil will see $75-85.00 sometime in the 6-9 months, but would not be surprised to see us re-test the highs again.

I was in your camp for a long time on inflation, but now believe the markets will continue to ignore inflation and we end up with deflation.

Time will tell.

Jim