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

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To: Horgad who wrote (88469)11/5/2007 2:04:42 PM
From: GST  Read Replies (1) of 110194
 
No way -- these are not the same thing at all. A credit contraction can be extremely inflationary in a country with a massive current account deficit and huge government debt that requires foreign credit to maintain its currency level. Don't you get it? We are in the midst of a global currency crisis where a serious credit contraction is crushing the dollar -- and crushing the dollar is, pure and simple, highly inflationary. These guys are not in any way shape or form dealing with the reality of a global economy -- with the reality of what a credit contraction is doing to the dollar.
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