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To: Archie Meeties who wrote (19422)9/18/2000 10:45:57 PM
From: LLCF  Respond to of 436258
 
<There's no other way to deal with the staggering corporate and public debt except to hyperinflate our way out of it. >

IMO this is self-evident... and yet in this nutty world it will appear to have been very wise when it becomes so.

DAK



To: Archie Meeties who wrote (19422)9/18/2000 10:59:02 PM
From: Oblomov  Read Replies (1) | Respond to of 436258
 
Thanks, Arch, it seems that there are a number of strong, opposing forces pulling at the structure of prices in our economy. I would prefer deflation, but the behavior of the Fed leads me to believe that the massive consumer and corporate debt load will simply be monetized (inflated) away. If so, then it seems that all of those highly leveraged folks that we ridicule were the smart ones after all... -ng-



To: Archie Meeties who wrote (19422)9/19/2000 12:21:52 AM
From: NOW  Respond to of 436258
 
Great Post!
The bond market seems to be catching your drift, and of course this is the real danger of this course of inflating money supply. Larry can continue his buybacks, but it won't matter. When bonds melt, the stocks will follow close behind.
What is your personal inflation hedge?