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

To: crustyoldprospector who wrote (89914)12/27/2007 9:54:33 AM
From: Tommaso  Read Replies (1) | Respond to of 110194
 
The previous cure was Volcker's 20% (or nearly) interest rates. Bernanke will have to go before that happens. The alternative is another halving of the value of the dollar, or worse.

And once inflation at 10% or more seems built in, interest rates will rise anyway since no one will make loans.

Pretty sickening mess--like belonging to a family with a lot of inherited money and no sense about managing it. Now whom does that remind me of?


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