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

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To: Haim R. Branisteanu who wrote (5590)1/20/2004 3:36:52 PM
From: Jim Willie CB  Read Replies (2) of 110194
 
weak argument
on Jan 19th holiday, an insufficient number of Americans were there to buy what Europeans are willing to sell

US holiday took away the market's volume and liquidity
and thus, the market itself

as for Bushy, I think he is scared shitless about foreigners (Asians) showing much lower demand for USTBonds, which would increase longterm interest rates
he got a wakeup call in September, when Japanese sources sold a massive amount of agency mortgage debt

have you ever tried to sell a piece of jewelry when the hock shop is closed ???

weak, jim
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