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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: yard_man who wrote (3626)12/19/2003 7:04:09 AM
From: russwinter  Read Replies (1) of 110194
 
<When imports to this country start dropping --intervention subsides on behalf of the buck>

That's part of Richard Duncan's theory, although he also questions the sustainability of foreign debt purchases. The total excess savings of the entire planet is well under a trillion a year, and the twin deficits are now $1.1 trillion. This will require sustained CB buying of up to half of that, an extraordinary number any way you cut it. Is it doable for another year? I have big doubts, but once in awhile my calls are wrong.

Also I don't compare the US situation to Japan's experience at all, it's more akin to Argentina.
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