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  • Farewell to 2008 [View article]
    Good to see Tim Prices' articles....always so reasoned and informative.
    The total bill for this debacle still remains to be seen, but Tim's article gives a sobering perspective to it all.And I shudder to think of the governments' inevitable ineffeciencies.That said - consider the alternative. Many market fundamentalists believe that the market should be left to it's own devices and that it will sort it all out....let the chips fall where they may. I tend to believe that these folks have million dollar plus portfolios and jobs that are not in jeopardy [at least in their opinion].
    To look at the current crisis in it's enormity and conclude that the best course of action is inaction seems staggeringly dumb.The free market was so efficient when it came to creating this debacle and that ain't good.
    To believe that it [the Free Market] will turn it around without endless pain and turmoil [can you say Depression] is really a leap of faith that I for one don't see as an option.
    Jan 06 11:44 am |Rating: 0 0 |Link to Comment
  • Deflation Is Just Around the Corner [View article]
    I gotta agree with this assessment. When governments worldwide are forced to "acquire" the bad debt of banks and others in order to halt the seemingly endless slide toward the "pit", it is the relentless printing of currency that is their prime implement as counterforce. When you print endless streams of currency the inevitable result would seem to be inflation.Deflation is a concern later - after the inflationary cycle....cycles out, but when that time will be is anyones' guess. My question to all is - so what does a poor boy do? Where do you park your hard-earned and diminished stash of cash as first inflation [and potentially hyper-inflation] and then deflation wreak havoc with the worlds' economies and our own private funds.Anybody????


    On Dec 17 10:25 AM MMuoio wrote:

    > Wow----has he got it wrong!---this is a snapshot----inflation will
    > rule and if you doubt it prepare to lose a lot of money. Central
    > bankers around the world have pushed more liquidity into the markets
    > than at anytime in the history of the world. The debasement of the
    > USD is here and big BEN will see it through. We had better move out
    > on the risk curve or be prepared to eat you know what!
    Dec 17 10:56 am |Rating: +1 0 |Link to Comment
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