dcb

Can Deflation Be Avoided?

the idea that we will see a significant period of deflation is plain wrong. We aren't japan with as big a bubble to burst, and whenever everyone is talking bout something means it ain't going to happen. Remember 200$ oil. Our government is doing everything it can to allow banks and industry to lever up again (getting us ready to the same thing to happen again once more). The worry is going to be if anyone will turn off the money flood before we get to the 70's again. The market like to push things to extreme before it turns and knows that by doing so it can manipulate washington through fear. Remember these are the guys who believed speculators had nothing to do with pushing oil to 147$. My vote is for stagflation and a ruined currency.