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#16 Robert Hagstrom: Investing - The Last Liberal Art

Investing by the Books

CHAPTER

Is There a Master Controller?

I always thought that writing was a wonderful discipline, and i think it has many benefits to allow people to clarify their thoughts. I'd rather spend all my time reading than writing. Japan's debt to g dfs are on 225 %, which is twice ta level of the us. And there they're on the border, right on the cust of deflation. So they have twice the debt levels hat the us Does, and they can't make inflation. But those intrestates in themselves would be low unless the lenders didn't really have a fear that inflation was going to happen. We're seeing that but we don't know for sure at this stage.

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