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

To: Crimson Ghost who wrote (9340)	3/4/2004 3:30:51 PM
From: Knighty Tin	Read Replies (2) \| Respond to of 110194

Fillmore, there can also be a combination of repudiation and inflation. For example, municipalities and corporations may be allowed to repudiate their debts through bankruptcy, but individuals may have the luxury of waiting until the debt became worth less (not necessarily worthless). The Federal Govt. can always print paper to pay for paper, but a point could eventually arrive where the debt has a problem being rolled over. When China and Japan scream uncle, for example.