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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: mishedlo who wrote (62214)5/30/2006 3:55:41 PM
From: Claude Cormier  Read Replies (1) of 110194
 
I read in a report published by J. Turk that in the Argentinean crisis of the late 1990's, there was monetary deflation as money stocks were lowered by 30%. However, prices of goods skyrocketed as the peso still lost purchasing power despite the monetary deflation. Demand for pesos simply collapsed faster than pesos were destroyed.

You think foreigners will hold all their USD in the coming years? You think Americans will hold all their USD in coming years?
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