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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (5758)1/22/2004 10:35:02 AM
From: russwinter  Read Replies (1) | Respond to of 110194
 
You are usually quite clear and lucid. But, I'm not sure what we are debating here though? I think I answered your direct questions, but not sure why you get the ad infinitum debt expansion idea transposed to me? No, I don't think that, but I also feel it is vital to focus on real things going on in the economy today, not some ad infinitum. It's the prior cancer- heart attack analogy I posted earlier. Should the FED just ignore important price stability issues?



To: Wyätt Gwyön who wrote (5758)1/22/2004 10:37:10 AM
From: philv  Respond to of 110194
 
ad infinitum is a long time. However debt has continued to rise since the beginning and why can it not continue? It is the rate of debt expansion and the now extremely low interest rates that is attracting attention, at least on this board. You would not get the impression that there is any concern, from the talking heads, from the President on down.

Most people believe that the debt will always be there, will never be paid off, and is just a burden and cost to be born. The excuse is of course that as GDP rises, the debt relatively becomes less important, or has room to grow.

Just stating the other side of the equation.