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: russwinter who wrote (3243)	12/11/2003 9:25:54 PM
From: mishedlo	of 110194

Yes, I read that article. I think the implications are nuts. I have no problem with investing in commodities, but BORROWING to invest in gold or anything else is nuts IMO. At some point (and this is back to where we are in agreement no doubt) borrowing at 1% and loaning at 4% for 10 years is going to cause a HUGE MFing blowup with the leverage these people are doing it. That is why I do not like treasuries (but you might not see that from my posts). However, I will NOT bet against them, and I sure as H am not going for that spread that everyone else is. My play is quite simple. Regardless of where interest rates SHOULD be, it will take longer to get there than anyone thinks. It is a very very simple concept. In the meantime, anytime anyone gets an extra 15 ticks on the TNX bidders step in and down goes the yield. Even IF the 10Yr cracks, there is no guarantee the FED will hike. It will be put off until doomsday. No doubt the entire thing is rigged and crooked and Citycorp and JPM will know in advance when it will happen so they can unwind their trades, but for right now..... Party on DUDE! M

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