moynihan on ss woes

[Max Sawicky]

I would guesss stagflation is the worst
of both worlds for TMPFITL.  At least
with growth there are sales and profits.
Low profits and falling bond values would
be the pits.  How is a rentier supposed
to make any money.

mbs

Do they like stagflation, though?  That might well be the question du jour
... as rates seem bound to drop amidst prices that seem bound to rise.
Cheers, Rob.