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  • Peak Oil, Cars, and Depressions [View article]
    Oh the dollar will be cheap - the coming inflation will send us back to the mid 70's, and then some.

    The guy posting about a multi-decades housing slump (laughing my a** off) has no clue. We will inflate our way out of this, and the fix is in my friends. Anyone check out the G20 meeting? It's the race to debase, and inflation will end. The key will be controlling it once it kicks in during 2009.

    Look out.


    On Nov 16 07:53 PM otbricki wrote:

    > Good article, no question that we are entering a period where US
    > consumer consumption will not be the great engine of growth in the
    > world that it has been. However there are mitigating factors, including
    > growth overseas of large new middle class cohorts. And the housing
    > situation is not as bad as you might think - US population is increasing
    > and these people will want to live in houses.
    >
    > If the US was smart it will keep the dollar cheap (no apparent problem
    > there) and become more focused on exports.
    >
    Nov 16 20:05 pm |Rating: +1 0
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