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

To: benwood who wrote (90879)	1/28/2008 1:07:34 AM
From: glenn_a	Respond to of 110194

Thanks for the kind words benwood. BTW, very nice piece by Henry Liu from the Asian Times: The Road to Hyperinflation atimes.com Echos many of the sentiments we discussed today. The last couple sentences of his piece: "The Fed has a choice of accepting an economic depression to cut off stagflation, or ushering hyperinflation by flooding the market with unproductive liquidity. Insolvency cannot be solved by injecting liquidity without the penalty of hyperinflation." Whereby, I might add, inflation solves absolutely nothing. As Liu comments earlier in his article: "The real disease is mounting insolvency resulting from excessive debt for which adding liquidity can only postpone the day of reckoning towards a bigger problem but cannot cure." and, "The Fed can create money, not wealth" (or substitute "wealth" for "capital") g