Re: [OPE] estimating the severity and duration of a capitalist economic crisis

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glevy@pratt.edu

> Subject: Kenneth Rogoff on the problem of global inflationary
pressures in 
> a speculative world 
> So what happens
next? If the United States tips from mild recession into 
> deep
recession, the global deflationary implications will cancel out some 
> of the inflationary pressures the world is facing. Global commodity
prices 
> will collapse, and prices for many goods and services
will stop rising so 
> quickly as unemployment and excess capacity
grow. 

Hi Jurriaan:
That's a big "if".
In solidarity, Jerry

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