The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: CalculatedRisk who wrote (75237)	12/11/2006 12:40:34 AM
From: Mike Johnston	Read Replies (1) of 110194

It is true that millions of decisions are made by millions of people in their best self interest. However this guy is totally wrong in one aspect. When the currency is being debased, the decisions cannot be made properly or wrong decisions are being made. How can a financial or business decision be made if the unit of measurement, necessary for establishing risk and return of a business or investment, constantly changes(declines) in value ? The dollar has been debased by 50%+ since 2001. As a result a lot of decisions have been made which would not have been made if the dollar was sound. As a matter of fact, during rapid currency debasement and inflation, any decision is just a gamble.

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