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To: sgtyork
I was working for a commodity company then, the price of everything was droppping....

So do you think we are headed into deflation?

123 posted on 09/28/2008 6:09:04 AM PDT by MrPiper
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To: MrPiper

I’m not an economist, I just remember reasons I get downsized very well.

From a simple viewpoint, the Fed was pumping money, the ‘inflation’ was in housing prices. The Fed kept the interest rates low to keep the housing and finance industries whole. Now housing prices have been/are going to deflate.


171 posted on 09/28/2008 8:24:44 AM PDT by sgtyork (The secret of happiness is freedom, and the secret of freedom, courage. Thucydides)
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