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Re: Downgrade is meaningless

By: killthecat in ALEA | Recommend this post (0)
Tue, 09 Aug 11 8:20 AM | 54 view(s)
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Msg. 05590 of 54959
(This msg. is a reply to 05589 by Cactus Flower)

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Hi Cactus:

I meant the entire bailout, including liquidity provided and guarantees extended. The Obama Stimulus Package was too modest, but was less that 8% of the total bailout.

As you know, I use hyperinflation to mean inflation of the money supply without the economic activity to support it. So far there have been few effects, other than in precious metals. Not sure why. Inflation and deflation are very difficult to predict or understand.


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The above is a reply to the following message:
Re: Downgrade is meaningless
By: Cactus Flower
in ALEA
Tue, 09 Aug 11 7:19 AM
Msg. 05589 of 54959

Hi cat,

I agree that we are resuming the 2008 depression. I disagree with the rest. The stimulus was less than $1tn and I think it should have been substantially more. Growth is the only viable solution absent the possibility of a bit of inflation. Austerity is doom. I think this is what the market is indicating. The rest of a lost decade is upon us and the US government is not capable of providing the fiscal support necessary to the economy.

What happened to your hyperinflation?


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