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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: RJA_ who wrote (11901)9/27/2008 6:42:46 PM
From: Tommaso1 Recommendation  Respond to of 71454
 
>>>Adding several hundred billion in raw cash by the central bank is normally an inflationary event. But when the credit multiplier is shrinking faster than the money is added, the result is not inflationary. In fact, if the Fed didn’t do this the result would be deflationary in the style that we saw for a decade in Japan. <<<

Pardon my disbelief.