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

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To: Perspective who wrote (3092)7/21/2003 7:34:12 PM
From: orkrious   of 4904
 
Heinz, if you're out there - curious to hear your take on the bond market collapse.

found this on his current hangout

Date: Mon Jul 21 2003 15:46
trotsky (bond market) ID#377387:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
admittedly i'm surprised by this swift collapse...however, i'm more than happy to be wrong about bonds, since the enormous steepening of the yield curve is a huge positive for gold stocks.
the last remaining prop to the US economy, the refinancing orgy that was set in motion by record low yields is now slipping away real fast...it is to be feared that recessionary dip nr. 2 will be a good sight worse than dip nr. 1. ironically, if that plays out, the bond market may be rescued once again. if not, it's going to be 'Argentina, revisited'.
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