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Reply #22: Read the blog. Inflation and deflation are totally different maladies that share some symptoms. [View All]

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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-25-10 03:04 PM
Response to Reply #17
22. Read the blog. Inflation and deflation are totally different maladies that share some symptoms.
Hyper-inflation is the result, not of inflation or deflation, it is the result in devaluation of the currency through the complete loss of belief that it holds value.

Think pneumonia and lung cancer, both bad, both share many symptoms (@ least in the beginning), but different causes, treatments, and likely outcomes.

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  -The Scariest Blog Post I Have Read All Year robertpaulsen  Aug-25-10 12:50 PM   #0 
  - There are an awful lot of  SheilaT   Aug-25-10 12:58 PM   #1 
  - Well, let's start with the beginning of the author's presumed scenario.  robertpaulsen   Aug-25-10 01:14 PM   #2 
     - Have we not had  SheilaT   Aug-25-10 01:22 PM   #4 
     - The boy that cried wolf  zipplewrath   Aug-25-10 01:42 PM   #9 
     - He laid that out in the blog. We are, far and away, the largest holder of U.S. Treasuries  Greyhound   Aug-25-10 01:53 PM   #11 
        - But he sits upon a three legged stool  zipplewrath   Aug-25-10 02:01 PM   #13 
           - First, this is simply a speculation of what is now possible, but you've discounted the basis  Greyhound   Aug-25-10 02:56 PM   #21 
              - Well, again, the trigger depends upon the large sale of Treasuries  zipplewrath   Aug-25-10 03:05 PM   #23 
     - Certainly.  robertpaulsen   Aug-25-10 02:00 PM   #12 
     - There's alot of presumption in there  zipplewrath   Aug-25-10 01:27 PM   #7 
        - "This guy is holding money, so he's worried about it."  MilesColtrane   Aug-25-10 01:32 PM   #8 
        - You give a lot of food for thought, zipplewrath.  robertpaulsen   Aug-25-10 05:30 PM   #34 
           - Legitimate vs probable  zipplewrath   Aug-26-10 07:22 AM   #38 
  - K&R. Here's another example of how people not knowing how things work hurts them.  Greyhound   Aug-25-10 01:21 PM   #3 
  - Exactly. Those points you highlighted from the article jumped out for me too.  robertpaulsen   Aug-25-10 03:17 PM   #25 
  - this is what infuriates me: RWers saying our Tbills are worthless IOUs, thus  librechik   Aug-25-10 03:30 PM   #27 
  - Japan's Lost Decade did not feature hyperinflation  Kurt_and_Hunter   Aug-25-10 01:24 PM   #5 
  - Or the crisis in the 1870s in the US, the long depression  nadinbrzezinski   Aug-25-10 01:26 PM   #6 
  - A fundamental difference between both of those examples is that both nations had a  Greyhound   Aug-25-10 01:48 PM   #10 
     - IN the 1870s the US was just industrializing  nadinbrzezinski   Aug-25-10 02:06 PM   #14 
  - "deflationary phenomenon" is an accurate description of Japan's Lost Decade.  robertpaulsen   Aug-25-10 02:14 PM   #16 
     - I found that paragraph unconvincing  Kurt_and_Hunter   Aug-25-10 03:55 PM   #32 
  - I see some merit but I think he overestimating a move to precious metals  TheKentuckian   Aug-25-10 02:07 PM   #15 
  - I think the point made about precious metals  robertpaulsen   Aug-25-10 03:35 PM   #28 
  - we're facing DEflation not inflation  CreekDog   Aug-25-10 02:18 PM   #17 
  - Read the blog. Inflation and deflation are totally different maladies that share some symptoms.  Greyhound   Aug-25-10 03:04 PM   #22 
     - But for a reserve currency  zipplewrath   Aug-25-10 03:06 PM   #24 
     - Just how long do you think this global currency system has existed?  Greyhound   Aug-26-10 12:27 AM   #36 
        - IF the dollar is collapsing  zipplewrath   Aug-26-10 07:04 AM   #37 
           - Travel delay, sorry. If that happens you are right and I think we will be introduced  Greyhound   Aug-27-10 10:44 AM   #39 
     - why are you scared of something just because someone wrote it?  CreekDog   Aug-25-10 03:41 PM   #29 
        - I'm not afraid, see #3, 11, & 21.  Greyhound   Aug-26-10 12:17 AM   #35 
  - Krugman has said that we should be much more worried about DEFLATION.  Dark   Aug-25-10 02:18 PM   #18 
  - I like Krugman. His analysis is always worth reading.  robertpaulsen   Aug-25-10 03:47 PM   #30 
  - Here in Detroit...  Octafish   Aug-25-10 02:22 PM   #19 
  - It would be a counter-revolution since the installation of BUSH/CHENEY et al was a fascist  bobthedrummer   Aug-25-10 02:56 PM   #20 
  - That's why DU's important.  Octafish   Aug-25-10 03:25 PM   #26 
  - Thanks Octafish. Here in L.A....  robertpaulsen   Aug-25-10 04:10 PM   #33 
  - Oh. Shit.  Odin2005   Aug-25-10 03:48 PM   #31 

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