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Re: <nettime> Paulson's face
Stefan Heidenreich on Tue, 15 Jul 2008 12:47:54 +0200 (CEST)


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Re: <nettime> Paulson's face


Dear Brian,

don't bet on inflation too early. Stagnation & Inflation
(stag-flation, as we had it in the 70s) might be in the making.

But with the consumer (US & Europe) going belly up, there is not too
much room for a price spiral, esp. if you look at the fundamental data
in the oil market (as demand-supply).

Overal money growth M1,M2 and M3 slowed down, despite all the injected
Federal cash, as banks deleverage & cut credit lines in order to
survive.

Next to come is a big bank being bad, the credit card mess & according
to Soros maybe the CDS debacle. Then, as the discussion goes, we might
see all the hot money, that enters China right now, being on the run
again.

It is going be a very interesting year!
Stefan






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