I was trying to explain to a friend why inflation and deflation aren't particularly Mutually Exclusive....
and asked him if his 401K and his home are worth 30% of what they were, and if his food and energy costs are 2 Times what they were... Which was going to get him first, High food costs, or loss of Net Worth?
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Friday, February 8, 2008
Deflation-Inflation
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment