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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: clochard who wrote (83574)1/18/2000 10:35:00 AM
From: pater tenebrarum  Read Replies (4) of 86076
 
i agree...so in the final analysis, it IS the treasury's credit risk. assuming that an unwinding of the bubble will hit the U.S. as a current account deficit nation with a negative savings rate much harder than the unwinding of the Japanese bubble hit Japan, the credit risk is indeed immense. no wonder S&P has classified the U.S. as a high risk country...
btw, Dan Wollanchuk predicted in an interview on a U.K. TV station that interest rates, crude oil and gold are going to head much much higher from here...
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