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

To: Steve Lokness who wrote (10092)	3/13/2004 3:51:17 PM
From: Crimson Ghost	Respond to of 110194

The speculative class is reaping enormous benefits now at the expense of savers, retires, and conservative investors generally. But this cannot continue indefinitely. And the longer it goes on, the worse the aftermath.

To: Steve Lokness who wrote (10092)	3/13/2004 5:15:50 PM
From: mishedlo	Respond to of 110194

Are those of us who are financially conservative just getting it wrong? Are all those people "speculating" with their homes and loans going to get a free ride as inflation roars? The government too? Those hoping for inflation to bail them will get crushed in the next phase of deflation. More lost jobs, sinking stock prices, falling home prices. To believe in inflation one believes Greenspan will succeed! I do not think Greenspan will succeed but he will make the exploding debt problem worse by trying. He already has. Falling stock market prices, home prices, rising debt, and loss of jobs with no way to service the debt is about the most deflationary scenario that one could imagine. Mish