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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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From: UncleBigs2/10/2006 11:51:08 AM
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Mish, you fail to mention the most significant component to inflation/deflation and that is the phychological/socionomic aspect. Human emotions and activities play the biggest part. Risk aversion, time preferences, propensity to horde...these ultimately are the causes of money/credit expansion or contraction.
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