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

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To: NOW who wrote (98255)10/3/2008 2:48:51 PM
From: GST4 Recommendations  Read Replies (1) of 110194
 
I don't have to try to convince myself -- I just look at the last fifty years of uninterrupted inflation in the US -- we have seen period when inflation was high and periods when inflation was relatively low -- but we have not seen deflation and we sure as hell are not going to see it now. There is no risk of deflation -- but there is a serious risk of inflation spiralling out of sight in coming years. We owe trillions, we continue to print and borrow trillions and we have tens of trillions in unfunded liabilities -- we are in the process of bankrupting this country -- and bankrupt countries never, ever, ever deflate -- they inflate. Have fun pretending there is even a case to be made for deflation, much less any factual basis -- but you will be the one living in a dream world.
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