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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: NOW who wrote (72842)12/26/2007 3:12:07 PM
From: Mike Johnston  Read Replies (1) | Respond to of 116555
 
Debtors and the gubmint, of course.
The gubmint will benefit in 2 ways. First, because they will pay their debts off in worthless currency.
Secondly, there will be no social unrest, because there will be no deflation i.e. no 90% decline in house prices, no 30% unemployment rate and no 20 million foreclosures.

-g-