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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: mishedlo who wrote (4072)12/29/2003 2:24:04 PM
From: yard_man   of 110194
 
he is saying that greenie et al are trying to project the appearance of a recovery through added monetary and debt inflation, but that it makes things much worse -- sows seeds of social destruction.

He is also saying -- you can't pick the top for financial assets corresponding to those industries which are wholly dependent on inflation -- e.g. quit shorting those homebuilders you dummies <vbg>

I loved this line -- that guy is witty ...

>>Instead of this archetypal scenario—and ignoring all harmful impediments cast in the way of this healing process by the ever interfering State—we currently have the bizarre modern phenomenon of the further discoordination caused by the wild orgy of debt-financed consumption, which has been officially promoted to keep aggregate spending and arbitrary price levels unconscionably high throughout the recession. This is analogous to expecting that wrapping a corpse in an electric blanket to delay rigor mortis will also bring about a resurrection.

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