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Re: Downgrade is meaningless

By: Cactus Flower in ALEA | Recommend this post (0)
Tue, 09 Aug 11 4:34 PM | 37 view(s)
Boardmark this board | The Trust Matrix 		Msg. 05593 of 54959
(This msg. is a reply to 05590 by killthecat)
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Hi cat,

inflation has done what the neo-Keynesians expected. I guess that says their analysis may have some value.

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Re: Downgrade is meaningless
By: killthecat in ALEA
Tue, 09 Aug 11 8:20 AM 		Msg. 05590 of 54959

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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