JEast Posted January 20, 2010 Posted January 20, 2010 As some have read in my past posts, I am in the camp of ‘Debt Deflation’ as explained by Irving Fisher nearly four score ago. Also, from the Hoisington commentary they are also in the Fisher camp. So, let’s say that at least inflation is several years down the road. If this were indeed in the cards, would not Utilities provide some protection? This is since they at least have some pricing power unlike most industries over the next few years and they also have a hint of growth in the 1-3% range. Also see the recent commentary from the Hussman Funds on, or absent, inflation. http://hussmanfunds.com/wmc/wmc100119.htm In addition, some interesting charts from David Rosenberg -- 'Look Around, Nobody Has Any Pricing Power' http://www.businessinsider.com/david-rosenberg-look-around-nobody-has-any-pricing-power-2010-1#food-retailers-are-seeing-the-most-rapid-deflation-in-50-years-1 GDF Suez?? Cheers JEast
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