NewsWhore
08-30-2012, 01:50 PM
Chuck Akre: Investing in the Era of the Constrained Consumer (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFCxpjGZ4kC3x4ycD8t8VOPjjBxhw&url=http://www.bloomberg.com/news/2012-08-30/chuck-akre-investing-in-the-era-of-the-constrained-consumer.html)
Bloomberg
The only logical solution is to devalue the currency so that the value of the debt, which is fixed, declines in inflation-adjusted terms relative to the size of the economy. Doing that will cause stagflation like the 1970s -- inflation plus the slow ...
and more » (http://news.google.com/news/more?ned=us&ncl=dCj3nJkHf6wZHQM)
More... (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFCxpjGZ4kC3x4ycD8t8VOPjjBxhw&url=http://www.bloomberg.com/news/2012-08-30/chuck-akre-investing-in-the-era-of-the-constrained-consumer.html)
Bloomberg
The only logical solution is to devalue the currency so that the value of the debt, which is fixed, declines in inflation-adjusted terms relative to the size of the economy. Doing that will cause stagflation like the 1970s -- inflation plus the slow ...
and more » (http://news.google.com/news/more?ned=us&ncl=dCj3nJkHf6wZHQM)
More... (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFCxpjGZ4kC3x4ycD8t8VOPjjBxhw&url=http://www.bloomberg.com/news/2012-08-30/chuck-akre-investing-in-the-era-of-the-constrained-consumer.html)