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Pastimes : Discussion Thread

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To: c.hinton who wrote (1371)8/1/2008 6:01:40 PM
From: TimF  Read Replies (2) of 3816
 
Tim i do not hear anybody saying this is normal

Then you aren't listening very much.

its rather amazing that no where does it mention the effect of massive personal debt and the collapse of collateral backing that debt

Not particularly amazing, its talking about improvements so large that increased debt, even if it is a problem, is a small and short term problem in comparison (even if its not small or short term by normal standards)


1980 saw the fed reacting against that stagflation by driving up interest rates to tame inflation.

THAT IS WHAT WE HAVE TO LOOK FOREWARD TO AT THE END OF THIS MESS!


Possibly. If so, it doesn't change the point made in that article.

But inflation now, isn't anywhere near as bad as it was in the 70s, so the response shouldn't have to be as severe. This are better in many other ways as well.
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