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

To: mishedlo who wrote (98789)	6/22/2009 2:27:19 PM
From: Claude Cormier	1 Recommendation Read Replies (1) \| Respond to of 116555

A very interesting debate this one of inflation/deflation. \|\| Fears of massive inflation are at this point ridiculous Indeed. Prices are not ready to move higher. But future inflation is garanteed like taxes and death. What will cause it is not congress, the Fed or banks. It will be an external event triggered by the BRIC, and competitive currency devaluations. Voltaire said it: Paper money eventually returns to its intrinsic value — zero. It is coming.

To: mishedlo who wrote (98789)	6/22/2009 10:24:55 PM
From: Claude Cormier	1 Recommendation Read Replies (2) \| Respond to of 116555

Some Common Falacies about Inflation and Deflation: The Weimar Nightmare in Review. There are several fallacies making the rounds of the economic community, often put forward by pundits on the infomercials for corporate America, and also on the internet among well-meaning but badly informed bloggers. The first of these monetary fallacies is that 'the output gap will prevent inflation.' The second is that a lack of net bank lending or other 'debt destruction' will require a deflationary outcome. jessescrossroadscafe.blogspot.com