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Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who wrote (15548)7/11/2002 11:46:06 AM
From: isopatch   of 36161
 
<lol>They'll tax

via inflation.

As in the 70s, <the last refuge of scoundrels...> is to monetize the debt. Initially, this will be politically popular with overindebted consumers as it enables them to repay debts in cheaper clown $$$$$.

When there's more time, will try and talk more about which characteristics of the 1970s we're likely to see; Particularly the ones that will really fool the vast majority of investors.

Isopatch
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