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

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To: MulhollandDrive who wrote (3166)12/10/2003 11:50:28 PM
From: mishedlo  Read Replies (2) of 110194
 
Raising interest rates to stop commodity inflation is more than likely useless. Glad someone else here is thinking clearly. Thanks for that post.

Slowly but surely we are going to spiral down the path of Japan and try and fight the inevatable writing off of worthless debt. GM has 300B of worthless debt and ford has billions as well. Now we bail out UAL with 80% govt guaranteed loans in a sweetheart deal to C and JPM. Japan refused to take its medicine and we are too. This is going to be one long drawn out affair at the current rate. No doubt we will slip in and out of recession several more times over the next seven years, each time some idiot will proclaim a bottom. Perhaps we see a couple rate hikes but if we get them, throw every cent you have into eurodollar futures cause there will be no more.

M
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