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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Silver Super Bull who wrote (832)9/18/2003 11:59:03 PM
From: glenn_a  Read Replies (2) of 110194
 
deadbull. The IMF article warning of a "house price collapse" is really precious. So first they "orchestrate" a housing bubble through credit inflation ... and they "warn" of a house price collapse.

I love the way the article is worded. It starts off "Soaring house prices are in danger of collapse ..." like some non-benign natural phenomenon has created this terrible situation. They could have at least been more honest and began something like:

"The IMF congratulated itself today confessing that their massive credit stimulus has indeed achieved its desired affect of bailing out corporations and high-wealth individuals as they have been able to service their debts at low interest rates, while at the same time allowing corporate chieftans to liquidate their stock holdings at dramatically over-valued prices to an unsuspecting public. Unfortunately however, the IMF admits that yes, inevitably it had to further screw the public by creating massive liquidity, significantly in the form of stimulating a home refi boom. Regretably but inevitably, this housing bubble is now poised to collapse. An anonymous spokesperson for the IMF stated that although this was unfortunate, IMF directors have turned a negative into a positive by using offshore hedgefunds to short the market at this precarious time, and beginning next year, all IMF salaries will be denominated in Yen." :)

Man, they must really figure you can fool ALL of the people ALL of the time ... or something like that.

Regards,
Glenn
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