sawicky at epinet.org
Thu Sep 17 08:47:39 PDT 1998
> >Somebody mentioned that bond holders might benefit from deflation.
> >But if corporations are collapsing due to deflation, wouldn't many
> >bonds become worthless?
> Not government bonds. . . .
In addition, bondholders have prior claim to a business
firm's assets if it goes bankrupt. Shareholders are
last in line.
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