higher inflation->more borrowing because it is profitable

来源: longterminvestor 于 2007-09-17 23:21:00 [] [旧帖] [给我悄悄话] 阅读数 : 0 (230 bytes)
本帖于 2007-09-18 10:08:24 时间, 由普通用户 表情符号 编辑

you borrow $100, a year later, you need to only return "$50" if a 100% inflation rate, right?

No investor will invest in bonds in a high inflation env unless he thinks it is the end of inflation era or has no other choice

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