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Originally Posted by youngdan  I don't, The present deflation was forecast clearly but it has not much further to run imo. The fractional reserve type system can not survive deflation so we will have quantative easing or printing to overcome the deflation or else the euro will be tossed aside.
The bond buyers would not be expecting inflation and trad cat used a recent figure for Ireland of -4% |
With respect to Germany I am of the opnion that they can ride a 2 year storm, I have dealings there and alot of their mini stims are working at the mo
If they are in trouble late '10 early '11 then I will be worrried
do you have contradicting indicators?