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Strategies & Market Trends : Ride the Tiger with CD

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From: Canuck Dave2/19/2006 2:12:01 PM
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Any other Credit Bubble Bulletin junkies out there?

Noland is a difficult read at the best of times, but he definitely switched to a new tack this week. I have read it a couple of times and am pretty sure he is arguing for a continuation of strong housing and consumption for the foreseeable future.

He quotes a few Austrian School economists who have a few salient comments about the roles of adaptable suppliers of new credit, and their ability to take the inversion of the interest rate curve in stride.

Fascinating stuff, and I think Doug is ultimately arguing for another of the Austrian school's concepts, the crack-up boom. He doesn't go that far, however, but it seems like the logical conclusion.

Anybody?

prudentbear.com

CD
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