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Strategies & Market Trends : Strictly: Drilling II

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To: pater tenebrarum who wrote (5427)12/14/2001 11:31:29 PM
From: Square_Dealings  Read Replies (2) of 36161
 
heinz

I think we have a wave of massive inflation coming. The bond market is giving the big clue as the Fed lowers (11 or 12 time?) and bond yields ramp contrary to the fed moves. To me it looks like long term interest rates will be back above 6% very soon. Credit risk is too high.

I believe the dollar will follow the same path as the bond market and the dollar valuation could come down more quickly than we would like in response to the massive debt/credit implosion. ENE is one of the bigger dominoes but there are many more lined up.

Inflation will be good because the working class will get back some money for providing basic services and producing goods. All imho.

M.
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