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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: phoscan who wrote (60261)5/4/2006 10:35:04 AM
From: GST  Read Replies (1) of 110194
 
This is rational only under one set of conditions -- expectations of high levels of inflation in the future. I would not want to be caught with a pile of debt right now -- too much uncertainty. But it is possible that those who are playing this crazy game are right if in fact inflation is going to accelerate and persist.
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