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Dan-
Thanks for your feedback. Although it was excruciatingly difficult to wade
through that piece;
I thought it to be a serious and worthwhile read; especially for investors.
I also got the impression that he was not in fact conclusive with many of
his statements and left the reader wondering as to his beliefs about the
future of the U.S. economy. Maybe he's thinking that IF the deflationary
forces get out of hand--the FED would pull out all stops as the lender of
last resort and these
mechanisms could lead to meaningful inflation.
Many thanks again for your feedback. Reading this one really made my head
hurt.<g>
chas
---- Original Message -----
From: Daniel Goncharoff <thegonch@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, September 17, 2002 3:04 AM
Subject: Re: [RT] GEN: U.S. ECONOMY: INFLATION OR DEFLATION?
> I found it amazingly difficult to identify any declarative sentences in
> the article. Liu does say that debt bubbles in the past have frequently
> resulted in hyperinflation. Even if you look at the Great Depression,
> Germany had hyperinflation. The US had deflation. Liu nowhere suggests
> one or the other will happen.
>
> Regards
> DanG
>
> > Charles Meyer wrote:
> >
> > Group-
> >
> > Any thoughts or comments? Isn't Liu suggesting that the ultimate
> > problem we may face is
> > one of inflation as opposed to deflation?
> >
> >
> > http://www.atimes.com/atimes/Global_Economy/DI14Dj01.html
> >
> > For an interesting opposing view see:
> >
> > www.mises.org/fullstory.asp?control=1040
> >
> > chas
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