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Re: POKERSAM post# 17919

Friday, 08/14/2009 4:15:29 PM

Friday, August 14, 2009 4:15:29 PM

Post# of 31925
I respectfully disagree. Higher energy prices eventually affect the price of most everything that moves via truck, rail, plane, or ship. Instead of deflation, we will have stagflation (remember Jimmy Carter?)-- higher prices (to the extent producers can pass them on to the consumer) in a stagnant economy. They will continue to try to stay in the game by cost cutting, but there is no way the Fed can increase the money supply by 900% and the Government continue to run $1T+ deficits *without* it causing hyperinflation down the road, and the Fed will not be able to put the brakes on fast enough to stop it.

Kind regards,
-CAPT J

"What would you attempt to do if you knew you could not fail?"

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