>>Either: 1) these bond/currency guys are stupid (which I doubt), or 2) people here on this thread (including Fleck, Tice, etc) are wrong about credit problems (which I also doubt), or 3) or there's something weird going on, where the USD is being supported by all the big players, despite natural self-interests (China, for instance) ... it makes me wonder if there isn't a growing appreciation, worldwide, about the "abyss below".<<
terry,
4) the perceptions of folks that control these markets are disconnected with what you and i perceive as reality.
i think this the most likely cause of what you see as strange behavior (strange to your perception of reality, but not strange to the majority's perception of reality).
btw, i believe we can never KNOW reality, we can just PERCEIVE it (albeit, everyone perceives reality at different levels of accuracy). i'm always trying to improve my perceptions of reality. this view point makes it real easy to admit error and move on to bigger and better things. it has served me well to date. |
