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

To: Claude Cormier who wrote (100719)8/12/2009 1:21:11 PM
From: Zincman  Read Replies (1) | Respond to of 116555
 
I don't disagree there are problems, but hasn't this argument been debated since the 70's? Seems there are countless bears that have labeled this a problem for many decades now. What is so different now?

<<The problem is that the USA has absolutely no choice. It cannot pay its debts.>>

ZM

PS Congrats on EAS... great call



To: Claude Cormier who wrote (100719)8/12/2009 2:03:15 PM
From: Elroy Jetson1 Recommendation  Read Replies (1) | Respond to of 116555
 
The U.S. economy merely needs a lot of bankruptcy filings and foreclosures, as occurred during the 1930s.

U.S. government debt is quite low. The problem is privately incurred debt.

The U.S. has absolutely no choice but to deflate their way out of their debt crisis. It will just take additional time.

The inflation scare is imaginary. It was an artifact of the debt bubble.
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