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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (3881)12/25/2003 10:52:35 PM
From: mishedlo  Read Replies (1) of 110194
 
One important aspect I do feel, is that the BOJ will wreck Japan for a generation if they persist, and that buying and holding unprecedented amounts of Old Maid cards (overpriced US debt securities) is not going to be a free ride. The previous post 3880 sort of says it all.

I agree. They are idiots and really get NOTHING (on any lasting basis) out of supporting the US$.

You can not change the macro trend, at best you can slow it down.

Mish
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