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To: JasonC

NM, I missed the word “effectively.” I think we’ll see much higher inflation than we’ve seen in the past couple decades, but I don’t really forsee hyperinflation here. Obviously it will still hurt the Chinese though.


18 posted on 03/15/2009 8:13:20 PM PDT by Arguendo
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To: Arguendo
It is a deflation. The entire world bet on a large scale inflation that refused to happen, that is what the financial crisis *is*. Now they all have to repay all of their short dollar positions in more valuable terms instead of less.

See, then the dollar quadruples against oil in six months, that isn't an inflation. Especially when the same thing happens against every other commodity on earth. And twofold against real estate. And 30% against Euros. And buys 3 times as much future interest payments. And...

But enough, those who only understand inflation as an allegation are not interested in reality, only in their doom mongering smears of the world they live in and what made it work.

22 posted on 03/15/2009 8:20:14 PM PDT by JasonC
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