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

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To: russwinter who wrote (3177)12/11/2003 12:46:42 PM
From: Jim Willie CB  Read Replies (2) of 110194
 
I simply dont understand why people expect lower LT rates
makes no sense
last year, maybe
next year, never
not with monetary expansion taking effect
not with Asian currencies rising (they are our mfrs)
not with commodity prices on the rise

I have to laugh at two items in the news today

story #1:
IMPORT PRICE INFLATION +0.4% (NOV)
EXPORT PRICE INFLATION +0.5% (NOV)

so the lower USDollar has resulted in higher export prices???
this trade deficit will continue to bleed in hemorrhage style for many more months, with no correction, until JYEN rises another 20-30%, and until the YUAN is repegged at 30-50% higher

story #2:
US Taxpayers paid for the Iraqi liberation and reconstruction
bullshit
Asia did
it was all done on a credit card by a bankrupt USGovt
federal deficits are $550B this year ($850B counting SS raid)

/ jim
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