Re: DOW Up 416.66 : Financial Groups' Correction?

On Tue, 11 Mar 2008 16:30:55 -0700 (PDT), orangatang1@[EMAIL PROTECTED]
>yes and hyperinflation is much, much worse than deflation. everybody's
>pension and savings are wiped out. society breaks down. i'm guessing
>you've read the post on frugalsquirrels by the guy in argentina. this
>is his advice -


people are fond of saying that, I'm not sure it's true. Investments
tend to adjust for inflation.  But when you owe a mortgage say and
your pay check is worth less than when you bought it, and you can't
sell it and get enough to pay  off the old debt - deflation is brutal
too.