Posted on: Wednesday, January 27, 2010
Printer Friendly Format  Printer Friendly Format     Send to a Friend  Send to a Friend    RSS Feed  RSS Feed
"The Total Debt to GDP Trumps Everything Else" was superb.

Recent Articles:
1/27/10   "The Total Debt to GDP Trumps Everything Else" was superb.
8/7/09   According to the White House today the recession is over!!!
2/13/09   Dear Friends
12/26/08   Thank you for your thought provoking article.
12/4/08   Your Piece Today on Postwar Market Bottoms
10/31/08   Not Insane After All!
10/9/08   Right On The Money
10/2/08   You Are Not Missing A Thing
9/16/08   From Costa Rica
9/8/08   Good Column
8/15/08   Correct Predictions
7/29/08   You Guys Saved Me A Ton Of Money
7/25/08   This Makes More Sense Than Anything I Have Read
12/8/06   Bigger Bubble than the Late 1990's
4/1/04   Another Stock Market Bubble
12/23/03   Happy Holiday Season
7/11/03   Comments From Toronto
6/9/03   See What Others Seem Not to See
5/22/03   Keep on Telling the Truth
4/30/03   Those Who Forget History are Doomed to Repeat It
4/4/03   Insight Regarding the Economy
3/12/03   Help Save Retirement Fund
2/28/03   Viewer From Greece
2/13/03   Friend from the UK
2/10/03   Comments from Australia

Search Archives:

"The Total Debt Relative to GDP Trumps Everything Else" was superb. Henry Van der Eb, portfolio manager for the Mathers Fund (whom you probably know, given that you are both part of the Gabelli group) got me stewing about the consequences of excessive total U.S. debt more than ten years ago; and he still pounds the subject in every quarterly report to stockholders. For most of that time I presumed excessive federal debt would lead to serious inflation, perhaps even hyper-inflation as described in Harry Figgie's book, Bankruptcy 1995.

 The case for deflation now seems more credible than the case for inflation - and WHAT could be much more important for investing than getting that projection right!

Thanks for sharing your knowledge on so important a subject.

John Maudlin, author of the "Outside the Box" newsletter, just covered the same subject with the same conclusions. Now the question may be, "If enough people understand what dangers they are headed into, will their collective response mitigate the problem, or will it just exacerbate the problem?" Chew on that during your next flight.

Printer Friendly Format  Printer Friendly Format    Send to a Friend  Send to a Friend    RSS Feed  RSS Feed

Send to a friend
      Send us feedback    Add to Favorites  

© 2022 Comstock Partners, Inc.. All rights reserved.