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  • MINCE38 MINCE38 • Sep 10, 2008 1:35 PM Flag

    I warned you guys last night about Deflation

    JP,

    If the current trend of all markets continue as it is, you will surely be right! Period. In fact, food is the only thing not deflating and who is to say that wont start at anytime as well. Or.........if we really want to go into a depression, let everything deflate and food prices inflate. OMG!!!! We could see rioting in the streets in a year. Fact: FBI reports bank robberies are up these last 12 months due to the economy. And we aint seen nothing yet. This might get scary.

    • jpmoy99 jpmoy99 • Sep 10, 2008 1:40 PM Flag

      It's already happening - in Europe, Latin America, the Gulf States, and Southeast Asia. Economists call it stagflation.

      America is unique because we attract the world's capital. But all we are doing is delaying the inevitable. Eventually stagflation will hit the USA. But not tomorrow and not even next month. Definitely next year though.

      ".........if we really want to go into a depression, let everything deflate and food prices inflate. OMG!!!! We could see rioting in the streets in a year. "

 
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