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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Tommaso who wrote (90719)1/22/2008 1:52:18 PM
From: John Vosilla  Read Replies (1) of 110194
 
'..the United States is engaged in an undeclared debt renunciation through currency inflation, and I expect a minimum average inflation rate of 7% compounded over the next five years, leading to a 50% rise in prices, overall, and further depreciation of the dollar against some other currencies'

This helps get out of the current mess.. If they can keep fixed mortgage rates at these levels along with a steep yield curve for the next 18+ months it will be a success IMHO.. So keep understating inflation, run the printing presses, continue spending beyond our means and get oil prices down a bit and keep doing the dirty deed of destroying our currency.. What a plan<g>
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