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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: glenn_a who wrote (1017)9/25/2003 8:42:17 AM
From: Silver Super Bull  Read Replies (2) of 110194
 
Glenn,

Interesting answer.

When you say "but this freedom of action is becoming increasingly constrained by creditors of U.S. financial assets/obligations."

What leads you to say this? Do you think they will be less willing to buy debt if monetary/credit continues to expand?

It seems to me that creditors have been more than willing to buy debt even in the face of the U.S. monetary/credit expansion. Not only has the increasing debt been absorbed (bought) but it has been done at increasingly higher prices/lower yields.

DB
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