The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: glenn_a who wrote (1688)	10/29/2003 9:20:01 AM
From: russwinter	Read Replies (2) of 110194

I agree with Auerback too. However, there are also some supply side issues that are popping many commodities. Still that's old news at this point. Auerback: "Commodities strike us today, not as an alternative asset play, but simply another symptom of a massive credit bubble. The drivers of demand are not Western businesses or end users, but managed futures funds and hedge fund managers who have been thematically investing in “reflation” plays, as well as being driven by short run price momentum. If it trades well, these funds get on the bandwagon. One can see this trend vividly in the record long speculative positions now being recorded in the copper and gold market futures. "

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