BrunoT is right ... you want to be mortgaged to the hilt if you expect significant inflation. I disagree, however, with BrunoT's claim that it is immoral to walk away from your house. It's just business. In addition to becoming a more astute economic advisor, Mr. West should also carefully read Strunk and White, or that Panda book, or both.
Bill Gross To 'President' Obama: Double The Deficit [View article]
For the real deal on debt and deficits, check out two recent books by Yarrow and Wright called Forgive Us Our Debts and One Nation Under Debt. To put a copy of each into the hands of the top 1,000 government officials would cost only about 50 grand and they are written at a level that even politicians and their minions can understand. Well, maybe not Gdub.
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Bill Gross To 'President' Obama: Double The Deficit [View article]