Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Stcgg who wrote (7493)	8/21/2001 8:31:50 PM
From: AC Flyer	Read Replies (1) of 74559

Stcgg: The federal debt is now declining, absolutely and as a percentage of GDP. Alan Greenspan has stated that retiring the federal debt too quickly would be a serious mistake, because of the dislocating effect on the credit markets. The world wants to buy US T-bonds/bills. The debt is no longer an issue. The idea of a >>15-20 yr contraction (or depression) similar to the 1929-1949 era<< is WAY too pessimistic, imho.

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