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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: michaelrunge who wrote (62944)6/7/2006 12:36:26 PM
From: GST  Read Replies (2) of 110194
 
Put this in an international context and explain how a country with a current account deficit of nearly $1 trillion per year and total obligations of $50 trillion could under any circumstances have its currency appreciate over the long haul and maybe you have something. Until then, this is the sort of analysis that leads you to completely misguided conclusions about the direction of our economy. Bernanke cannot chose deflation, he can only decide how to best to deal with inflation.
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