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To: Real Man who wrote (383701)4/7/2009 9:17:46 AM
From: Giordano Bruno  Read Replies (1) | Respond to of 436258
 
Looks like we structured 4 trillion in toxic assets - good times. -g-



To: Real Man who wrote (383701)4/7/2009 9:52:35 AM
From: Trumptown  Read Replies (1) | Respond to of 436258
 
dollar stuff...

finance.yahoo.com



To: Real Man who wrote (383701)4/7/2009 2:15:51 PM
From: carranza2  Read Replies (2) | Respond to of 436258
 
I don't know.

The accepted story is that the huge increase in the monetary base will inevitably result in inflation. Like all accepted stories, it seems a bit facile and therefore likely to be untrue or true only to some limited degree.

The proponents of the accepted 'inflation' story seem to forget that there has been a huge destruction of wealth taking place alongside the admittedly enormous increase in the monetary base.

It seems intuitively likely that the wealth destruction of the past couple of years should have some significant anti-inflationary effect, especially since it is much larger in size when compared to the increase in the monetary base.

In addition, people are beginning to save and to pay off debt. Since inflation is a monetary phenomenon, these two should also dampen inflation.

We'll see. I am beginning to think that the inflation proponents may have a lot of waiting to do. Of course, I am not going out and revamping my investment strategy based on what are essentially intuitive impressions. I think they are worth considering, however.