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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: musicguy who wrote (7593)	8/27/1998 11:20:00 AM
From: Rande Is	Respond to of 25711

Funny...But really, I am into an emergency mode for preparation for deflation. Selling business equip, cars, household appliances, furniture and maybe even the house. Eliminating debt right now is the smart move to prepare for a lengthy round of deflation. Remember, during inflation the banks lose on loans, due to being paid back with inflated dollars that are easier to come by. But in deflationary times, the opposite is true. The banks win against consumer debt. Dollars become harder to come by, due to unemployment, layoffs, etc. We pay back loans with deflated tougher to earn dollars. Banks are anxious to give loans. Don't give in. Forget that buy now pay nothing until year 2000...that is the worst deal that could be made. Best move is get out of debt and secure as many jobs as can be handled. Save cash. If you don't understand what I am talking about, please read about deflation and how it affects us. I am hoping to write an easy to understand extended essay about it soon. Will inform. Getting off soapbox... Rande Is