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Reply #44: Deflation - I thought the numerous posts I made late last week made [View All]

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54anickel Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-10-04 10:29 AM
Response to Reply #34
44. Deflation - I thought the numerous posts I made late last week made
the point, but I'll state it in no uncertain terms, I take back the statement I made regarding deflation as some sort of red-herring.
We are in the midst of something nasty, don't know what it is.

In those posts, deflation was defined as a spiraling downward of prices, NOT a decrease in the money supply (that was claimed to be disflation).

So, with spiraling downward values of assets as the proper definition of deflation, yes it's real and coming. Isn't that what we saw in the Great Depression? Nevermind, your "historical facts" don't go back that far.
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