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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (12230)4/19/2004 8:56:36 PM
From: Wyätt Gwyön  Read Replies (1) of 110194
 
Mish, check out that book i mentioned on your thread. the authors explain how the govt is basically bankrupt, with more than $50 trillion in debt today. the only thing they can try to do is to inflate out of it, while also increasing taxes and reducing benefits to the extent possible.

the interesting thing is that other developed nations face a similar dilemma. it seems they will all try to inflate as much as possible.
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