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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: TobagoJack who wrote (2978)12/8/2003 9:32:53 AM
From: russwinter  Read Replies (1) of 110194
 
<the economic growth is real>

It's real alright, but it's also classic (almost 19th century like) boom bust material. The key word to understanding all this is "maladjusted".

<(c) thus more cement, copper, workers, ... and, gad, aluminium
(d) and transportation to move everybody and everything around
(e) and factories to build the transporters
(f) and ...>

All this requires an enormous amount of energy, and that's not there cheaply and new supply is years away. That's your missing link.
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