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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Joan Osland Graffius who wrote (122873)9/17/2001 4:32:04 PM
From: Mark Adams  Read Replies (1) of 436258
 
FWIW, Something I happened on today-

American investors therefore will face the following risks in the 1990s:

1 Currency. This is the risk to dollar-denominated assets, in which almost all American income is earned. In an acute form, this risk becomes a risk...

2 Unprecedented inflation. This could occur because of a liquidity squeeze the U.S. Treasury during the next downturn. In the face of ballooning the requirement to fund credit guarantees, and declining tax revenue, authorities may resort to inflation, even at the risk of damaging the creditworthiness and ultimate viability of the U.S. government.

3 Deflation. Debt liquidation in countries with more financial than tangible assets has been deflationary in the past. A deflation from current debt levels will be the most severe in history. This risk cannot be ruled out, especially light of the impending decline in military spending around the world.

src: Great Reckoning, pg 503

Contrary to my expectations, things took a turn for the worse. What the future holds, ?
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