[Mariner]

"So, you think Gross is preparing for a bout of deflation?"

Yes, and one so serious that he doesn't think he can sell bonds at any price...because there won't be any "money" left to buy them when things pop.

Under inflation, the currency eventually becomes worthless.

In a severe deflation...even of the hosting government defaults...the currency can survive and become the new king.

If somebody had $1mil in 1930, they had $1bil in 1945.

[blam]

"So, you think Gross is preparing for a bout of deflation?"

Yes, and one so serious that he doesn't think he can sell bonds at any price...because there won't be any "money" left to buy them when things pop.

So...you don't think there will be a QE-3 or believe the talk about coming high inflation or hyperinflation?