On Mar 22, 2009, at 5:34 PM, Politicus E. wrote:
> Without
> getting into a theoretical discussion, my humble view is that the
> risk is
> still deflationary.
Yup. There's been a collapse in credit demand except for the U.S. government (details forthcoming in LBO #119). And the history of other major financial crises is that inflation declines for several years after the outbreak of a crisis.
Doug