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

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To: Jim Willie CB who wrote (7513)2/9/2004 11:16:32 PM
From: glenn_a  Read Replies (1) of 110194
 
Thanks for the post from the European Banker Jim.

Definately rings true for me. Inevitable and severe bond market illiquidity. Debt deflation. Long-term interest rates rising to balance supply and demand in illiquid bond markets. A collapsing US$. Deflation most severe in Asia. Bank defaults as gaping holes uncovered in the global financial system. Real economy thrown into chaos. ... Not a very pleasant picture all in all. :(

Plan to keep liquid in $CND gov't T-bills, gold as a store of value, and a smattering of natural resource/commodity value plays to wait out the current reflationary efforts, and, well, just in case I'm wrong. ;)

Regards,
Glenn
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