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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: yard_man who wrote (6639)1/31/2004 8:51:05 PM
From: mishedlo  Read Replies (1) of 110194
 
I understand, but I would say this -- foreign liquidation of US treasury debt is a very remote possibility -- extremely remote.

Exactly
Foreigners dependent on US buyers have EVERY reason to keep the game going.

There can NOT and WILL NOT be a collapse until there is NO use for US consumers. It should be perfectly clear from the actions of Japan and China.

Tell me when that happens and I will tell you when to short treasuries.
In the meantgime IF treasuries are a good short, JUNK bonds are a FANTASTIC short. The converse is not even close to being true.

Mish
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