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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Peter_M who wrote (38094)8/8/2005 10:38:39 AM
From: orkrious  Read Replies (1) of 110194
 
Peter, welcome to the thread and good post.

Mish has raised this point several times. I hope I'm not putting words in his mouth, but I think there's a strong argument for this point. If individuals debts are inflated away, the banks lose, since the money paid back to the banks will be in less valuable dollars. That's a less likely scenario.
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