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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: GraceZ who wrote (58879)1/17/2001 7:18:22 PM
From: pater tenebrarum  Read Replies (2) of 436258
 
well, at least their debt problems are solved, if more by chance than by design. the same can't be said for the average US household, where debt has now reached 108% of disposable income, an all time high.
i do of course appreciate that debt is integral to the American way if you will - but it has grown too large to handle. so we have essentially the conditions in place that can be found shortly before the disinflation boom (k - wave 'autumn') turns into the deflationary debt and asset destruction bust (k -winter).
the bout of inflation we have recently experienced is incidentally known as the 'false spring', a condition that was present at the end of the 1920's disinflation boom and the '80's disinflation boom in Japan as well.
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