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2010-02-08 — minyanville.com
" The bond market vigilantes of yore have returned to the credit default swap market. They see governments worldwide as revving up the printing presses to pay off the nominal bad debts they acquired from the private sector. A debt paid via inflation is a debt repudiated. We're going to see this struggle between governments and their creditors play out in 2010 and maybe longer. It might not be very pretty."
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Comments:
tvsterling at 17:17 2010-02-08 said:
"A debt paid via inflation is a debt repudiated." Why not? It worked for Adolph Hitler in the 1930's. Of course the process will ruin what's left of America's middle class. It did that in Germany too. Permalinkadd a comment | go to forum thread
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