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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (129998)	1/17/2013 8:14:42 AM
From: John Vosilla	Read Replies (2) \| Respond to of 149317

With all the problems isn't it better this cycle play out closer to a repeat of 1965-1981 than 1929-1945? Across the board cost push inflation offset more this time by overcapacity, globalization and technology as well as too much leverage giving us a more unbalanced dynamic. The poor will all be fine as they get all the techno gadgets and flat screen TV's dirt cheap keeping them entertained like never before so they will barely notice?<ng> An eloquent summary by GST. I think we are in the buildup phase of a surge in global inflation. Check real estate in Hong Kong -- food and fuel in most of the world -- all kinds of ways and places, and you will see rampant inflation is already in full flight. So far, we have exported our inflation. That phase is passing. We will feel the full force of it sooner rather than later. Currency wars have gone from skirmishes to something more ominous. Printing is in overdrive, and there is no way to slow it down if there is no other way to finance global deficits. And all of this is made WORSE by slow global growth. Slow growth will not protect us from inflation in a global economy. Instead, weak demand will be offset by ever larger global debt in a vain attempt to sustain demand -- with more and more countries devaluing in an effort to try to sustain demand via foreign markets. This makes incremental default a certainty -- and that is what inflation is all about -- incremental default on debt. Even housing that was until recent months left for dead is showing signs of price increases. If you look at health care, university tuition, food, energy and so on, the inflation we expect is already fully evident. Expect to see the worst of inflation show up in internationally traded goods as our dollar is intentionally trashed. Message 28667708