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

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To: russwinter who wrote (6638)	1/31/2004 8:33:18 PM
From: yard_man	Read Replies (3) of 110194

answer the other pt, though -- it is real economic capacity that was brought online with a certain expectation about its longevity, unlike your old car -- shutting the capacity has a undeniable depressive effect -- it is real capital. It won't happen, but if the price of Al were to go up relative to electricity -- those plants would be reopened -- they are by no means technically obsolete. So the analogy with the car breaks down there.

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