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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Tommaso who wrote (92775)3/26/2008 11:43:36 AM
From: John Vosilla  Read Replies (1) of 110194
 
'Devaluation of a currency is a very easy thing to achieve and very hard to reverse'

Only hope for the clownbuck is synchronized global devaluation.. I don't think we end up like Argentina or in hyperinflation. More likely a prolonged period of stagflation. We could have nominal GDP grow near 10% and yet most still feel like it is a recession.
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