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Notes to myself, possibly of interest to others.
-- Bill Northlich

Friday, September 9, 2011

Rosenberg - Bonds!

...the reason there is no credit growth (outside of federally-assisted student loans, even the recent pick up in commercial and industrial lending activity has been offset by a slide in nonfinancial commercial paper issuance) is that household demand for credit is in secular decline. This is very deflationary, which is why hiding in bonds and cash-flow strategies make imminent sense.
---Rosenberg yesterday

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