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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Michael Bakunin who wrote (29074)	6/15/1998 5:24:00 PM
From: Knighty Tin	Respond to of 132070

Mike, I just went to my local HEB market, which is a super cheap store. For years, I was able to buy Swanson tv dinners for $1.66. Last month they went up to $1.77. Today I walked in and they were priced at $2.29. That is not my idea of deflation. <G> Anyone who visits, forget my great fried chicken dinner with the little brownie in the corner. You will get generic, and if you want a brownie, grab her before she becomes a girl scout. <VBG> Seriously, deflation is a concern with the dollar so strong. We are printing dollars at a breakneck pace, and folks still want them. Why I don't know. All of these dollars were chasing investments, but now they are chasing goods. As long as foreigners want our dollar desperately, there will be a huge price reduction in the goods they have to sell us to get them, and that is dangerously deflationary. But if they ever wake up and figure out that we are sending them nearly worthless paper for their national wealth, they may leave us prone to a pickup in inflation. So, I watch the buck and it sure looks deflationary right now. The natural tendency of our economy is inflationary, but we are sure going counter to that trend at the moment. MB