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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (20817)10/28/2004 2:48:41 PM
From: Crimson Ghost  Read Replies (2) of 110194
 
Reading between the lines isn't Gross really saying that the Fed is going to try to inflate away much of the huge debt burden now outstanding.

Saville has commented on this many times and I agree with his argument that the Fed is using bogus deflation scares to maintain a highly inflationary monetary policy designed to severely punish savers and creditors. Saville also argues (correctly in my view) that the Fed will continue these policies ( with only brief pauses from time to time) until inflation becomes so bad that it poses a bigger threat to the system than a collapse of the credit bubble.
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