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07/21/2010

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Greg Pinelli

What the crux of Dave's article is about for me is the "Cross of Deflation..." This is when what you owe debt on drops in value significantly below what the service costs of the debt are. The logic is this..I owe $3500 a month on a house I bought for $700K..it's now worth $500K...So what's the point???

Some out there might find the idea repugnant..BUT the fact is we have been and are IN a rat hole of deflation. I look at multiple sites every day..and Dave knows that I've harped on this on his site...and it is amazing at the number of former INFLATIONISTS who are now hedging their bets and calling for DEFLATION. Get cash..as much as you can...the buying will freeze and literally come to a dead(ly) stop.

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