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

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To: russwinter who wrote (9860)3/10/2004 1:39:23 PM
From: mishedlo  Read Replies (1) of 110194
 
They should have never let the genie out of the bottle in the 2H of last year. They've done nothing to stuff it back in, and it's already Train Wreck time..

I agree - but it has nothing to do with 2n'd half last Q
It goes way way back to an entire string of errors by Greenspan. Each one compounding the TROUBLE.

Unfortunately we are beyond the point of no return.
Any attempt to stop the rrain will stop the world and we will just blow up in a derrivative unwinding mess.

All we can do is patiently wait for the crash.
In the meantime, expect them to try and stop it with interest rate cuts in Europe and possibly even here.

Mish
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