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

To: John Vosilla who wrote (45331)	11/12/2005 1:14:26 AM
From: Elroy Jetson	Respond to of 110194

We had a debt cleansing during Paul Volker's term as Fed Chair because of who Paul Volker is. He shares my values. I'm socially liberal and financially far-right wing, perhaps Fascist. The debt cleansing landslide finished on Greenspan's watch only because he couldn't stop it. I just don't see Bernanke having the strength to do what needs to be done. And as you say, the debt over-hang this time is orders of magnitude worse. He's going to pull a Greenspan and inflate. I just don't see it going any other way. If Bernanke acts like Volker, I'll be not only grateful but utterly shocked. But let's face facts. Discontinuing the release of M3 is not good news and certainly nothing Volker would ever do. .