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


To: mishedlo who wrote (99791)7/19/2009 10:44:15 AM
From: Claude Cormier2 Recommendations  Read Replies (2) | Respond to of 116555
 
Mish,

There are two ways that the USA can repudiate its debt. Either through inflation or hyperinflation, or by simply cancelling its debt. Both ways would imply probably a new currency.

I read various sources suggesting direct repudiation will happen within 3 years possibly as soon as this fall.

Do you have an opinion on this?