Heinz Blasnik- Views You Can Use Message Board

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Strategies & Market Trends : Heinz Blasnik- Views You Can Use

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To: Wyätt Gwyön who wrote (2214)	6/9/2003 1:34:21 PM
From: Perspective	Read Replies (2) of 4907

AG can continue to pin the yield curve where it presently is ad infinitum. He can literally print the money to do it, and Bernanke has all but guaranteed they will make good on this threat. As long as they are printing money to jam the curve lower, valuations will float where they are, even if inflation rises. Earnings track the inflation, and equities track the earnings. Due to the deflationary pressures, the Fed won't be able to wean us from zero interest rates even as inflation soars. The odds bets here are continued zero rates, sustained high valuations, and soaring inflation (which equities may track). The only question is whether or not the rest of the world joins in the bonfire of the currencies, and their likelihood to do so prevents me from seeking refuge in international financial assets. BC

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