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

To: mishedlo who wrote (85979)	9/20/2008 1:18:52 PM
From: SouthFloridaGuy	1 Recommendation Respond to of 116555

Mish, you are the man. I think we should all use Argentina, Brazil, Turkey,,,of yester-year as the road-map to what the U.S. will pursue. Whereas the IMF and World Bank would force a smaller country to balance their budget and jack up interest rates, the political will in this country is not there. It's now Liar's Poker between us and the rest of the world. The most expedient way to fulfill a shortfall in the capital account will be to print which will cause a run on the dollar. As measured by the decrease in the current account deficit, smart money has been pulling out of U.S. assets since 2006. The fact that it was done slowly has caused more of a slow bleed than deep recession. No more. Last foreigner out the back-door is shitouttaluck.

To: mishedlo who wrote (85979)	9/20/2008 2:14:48 PM
From: benwood	Read Replies (1) \| Respond to of 116555

I just wrote my legislators. I doubt Congress will block this.

To: mishedlo who wrote (85979)	9/20/2008 2:33:38 PM
From: Crimson Ghost	11 Recommendations Read Replies (2) \| Respond to of 116555

MISH: You have argued again and again that the powers that be would never decide to inflate their way out of the debt crisis. Until last week, looked like you were right. Now looks like you were wrong. If the authorities start to debase the currency we have much higher inflation and interest rates in our future even if the global economy remains weak IMHO.