tag:blogger.com,1999:blog-4921988708619968880.post7115983926473568151..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, May 18 2008: No money, ten childrenIlargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4921988708619968880.post-78026197276192377652008-05-19T12:31:00.000-04:002008-05-19T12:31:00.000-04:00Credit destruction, and hence the collapse of the ...Credit destruction, and hence the collapse of the effective money supply, will be a global phenomena, but is not happening evenly. In some places it is well underway and in others has not yet begun. In such areas, the expansion continues and price of goods and services in short supply rises. The effects of credit-deflation are not likely to be uniform either as exposure varies.<BR/><BR/>In China,Stoneleighhttps://www.blogger.com/profile/15099878430757036461noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-12796970809972611942008-05-18T23:04:00.000-04:002008-05-18T23:04:00.000-04:00Ilargi:Excuse me for sounding like a broken record...Ilargi:<BR/><BR/>Excuse me for sounding like a broken record, but would you say the oil exporting countries are suffering from inflation or deflation?<BR/><BR/>In the money-supply sense.<BR/><BR/>It seems to me that countries which are running a big trade surplus - Saudi Arabia, China etc - are experiencing a growth in their money supply.<BR/><BR/>My point is that in all the talk of deflation (Anonymousnoreply@blogger.com