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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	4/27/2001 1:50:42 AM
From: besttrader	of 37746

The bonds have definitely flashed a long term sell signal. The mortgage window that drove the housing bubble is now closing and yesterday's news on March home sales marked the final blowoff of the housing bubble. Likewise for the refi-bubble. The game is over. The curtain is coming down. The Fed cannot force rising bond yields down. Now every loosening will have the opposite effect on the bond market. The market will have none of it. Because it smells inflation. The CPI is a lie. It has been falsely skewed by plunging tech prices. The people who yell, "There's no inflation," have ignored things like rents, and health care, and the gas we put in out car. Why are gas prices rising? Why are rents rising? Why its Econ 101 fergodssake. Too many dollars chasing too few goods. The areas of rising costs are the basics of everyday life. They are crushing the middle class. So bond prices rise on the inflation that everyone seems to recognize but the statisticians. And as inflation rises, credit quality problems begin to rise exponentially. How in the freaking hell can these economists and strategists not see it? The bond market sees it, that's for sure.

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