Zeev's Turnips Patch-No Politics (ZEEV)

[Huluriasquias]

Sorry guys, but Webster Groves has it exactly right when he says:

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Everybody thinks when things get cheaper that you can buy more.
The answer is that you will buy less, you will have less, and what you do have you'll worry about losing.
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He has described what happens during deflationary times in a very clear and didactic manner.

Many people think that deflation is a mirror image of inflation. Nothing further from the truth.

During inflationary times there are losers and winners. (Those who took huge debts at fixed rates)

During deflation there's only losers. Even if you have lots of Cash (the theoretical best position to be in during deflation) you'll find that people just don't sell to you.

USA has not gone through a "good" deflation in the lifetime of people alive today. You just don't know what it is.

You don't want deflation.

H.