you will not see inflation any time soon

Post #66,821 by boxley 12/5/02 12:37:04 AM Reply	you will not see inflation any time soon deflation perhaps as we are teetering in that direction. Unemployment is just right, inventories are not that low considering we are in a just in time manufacturing base and oil has not climbed excessively. Vehicle sales are down, housing stable and bankrupcies are up. Tax relief is throwing deficits which "might" crank inflation up a tad but I see a flat picture right now. The only thing I have not checked is the goat index. thanx, bill will work for cash and other incentives [link\|http://home.tampabay.rr.com/boxley/resume/Resume.html\|skill set] Opera was the television of the nineteenth century:loud, vulgar and garish with plots that could only be called infantile. "Pendergast"
Post #66,823 by ben_tilly 12/5/02 12:44:50 AM Reply	The question that I have then... Mow much of spending is being caused by eased credit? If so, what happens when we stop being able to ease credit, and people start facing paying some of it back? (Particularly some of the debt which didn't shrink from inflation as fast as people were hoping.) There might be a way out by going forward - we certainly have gone much farther than I believed possible - but there are still significant risks ahead. Cheers, Ben "Career politicians are inherently untrustworthy; if it spends its life buzzing around the outhouse, it\ufffds probably a fly." - [link\|http://www.nationalinterest.org/issues/58/Mead.html\|Walter Mead]
Post #66,837 by boxley 12/5/02 8:28:32 AM Reply	Much like Japan is now debt fakery and bad loans are a huge part of the economic foundation about 6* the savings and loan debacle if not larger. With the current occupants of the Whitehouse I see taxpayer bailout, increased money supply and 70's inflation in 10 years or so. thanx, bill will work for cash and other incentives [link\|http://home.tampabay.rr.com/boxley/resume/Resume.html\|skill set] Opera was the television of the nineteenth century:loud, vulgar and garish with plots that could only be called infantile. "Pendergast"
Post #66,977 by ben_tilly 12/5/02 6:16:14 PM Reply	One catch The main driver that they can use to manipulate the money supply stops working when the interest rate gets to 0%. It is at 1.5% now. Cheers, Ben "Career politicians are inherently untrustworthy; if it spends its life buzzing around the outhouse, it\ufffds probably a fly." - [link\|http://www.nationalinterest.org/issues/58/Mead.html\|Walter Mead]

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