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

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To: russwinter who wrote (4122)12/29/2003 5:22:06 PM
From: Crimson Ghost  Read Replies (1) of 110194
 
Russ:

The logic behind this bubble is so simple it is scary. In essence the US economy and equity markets are getting all the benefits that might be expected from a collapsing dollar (asset inflation, higher growth, higher profits) without any of the costs normally associated with such a policy (higher interest rates, massive CPI inflation, and a withdrawal of foreign capital)

This is great while it lasts, but heaven help the markets when the piper must finally be paid.
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