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

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To: mishedlo who wrote (75722)12/15/2006 11:21:51 AM
From: Tommaso  Read Replies (2) of 110194
 
In all previous asset bubbles except Japan's, the final reckoning had to be made in gold and silver.

The saving and face-saving ethic of Japan, among other things, makes it not comparable to the United States.

The United States economic and financial situation is not really comparable to anything, although with every month it does resemble somewhat more closely what has happened repeatedly in Argentina, or possibly France of the period 1945 to 1965, when France was failing as a colonial power. France had its own Vietnam War, and then the Algerian War that threatened to turn into a civil war inside France itself.

It sounds as if you are among those who believe that Bernanke was speaking literally when he talked about throwing money out of helicopters. That is, it sounds as if you think he considered this a serious option.
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