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I have stated in previous postings that I think deflation is more of a fear
than inflation. The main culprit in the USA is our ability to efficiently
mass produce goods in a period of weak pricing. A very good example is our
auto industry.
Your points are well taken. But to experience an another depression like the
30's, at this point, does not appear likely. I would be reluctant to rush out
and sell real estate and collectibles on a wholesale basis. I think a modern
definition of deflation might well be inflation in the 0-2% range.
Jerry
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