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To: skinowski who wrote (76540)	6/23/2003 11:54:02 PM
From: Perspective	Read Replies (1) \| Respond to of 209892

I'm not so sure that their deflationary woes are due to the fact that savers don't want inflation. It could be the mechanics that result just from being a nation of savers. While I agree that it may make the bonds of creditor nations desirable, I disagree that it would make the stocks of debtor nations desirable. Debtor nation currencies should really get into trouble, and I think it just means that one should stick to bonds in creditor nations. BC