SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Stockman Scott's Political Debate Porch

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: stockman_scott who wrote (11184)1/9/2003 5:30:16 PM
From: Jim Willie CB  Read Replies (2) of 89467
 
first wave, stocks fall and bonds rise
second wave, stocks fall again and bonds stay flat
third wave, stocks fall and bonds fall

it is the nature of the USDollar Decline Vicious Circle

I find it tragically funny that despite a monstrous trade gap and an escalating federal deficit, that clownish pundits believe bonds will remain a safehaven round after round

watch and see, bonds will fall soon since they are tethered to a doomed currency
these pundits like to talk about demand for bonds
they forget to view supply of bonds
where supply meets demand, is established price
supply will be rising in unprecedented fashion, taking down price
rates are soon to rise, exacerbated by rising energy costs, general commodity costs, and (the real stick in the eye) rising state and local taxes

maybe one more slight downtick in TENS yield
but as Pimco's Gross says, "bond's salad days are over"
what a great quote, one for the ages

/ jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext