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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Sam who wrote (2308)	12/14/1999 8:10:00 PM
From: Henry Volquardsen	of 3536

the debt does matter. I think you might be on the right track re the need to be able to 'write off' debt. But government debt is tough to write off. I suspect the eventual mechanism for writing down the debt will be domestic inflation and currency weakness. For various reasons both will be tough to pull off.

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