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

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To: rubed who wrote (12297)	4/21/2004 11:34:23 AM
From: gregor_us	Read Replies (3) of 110194

The Headlines from Today Have Been Softer, Rubed. But that does not change my view that A.G. may very well be an indecisive nutter, who is closing his Reflation Trade prematurely, in violation of his own stated plan, for that trade. We can all make a very good case that the Reflation Plan was an ill-judged, poorly thought out experiment--doomed to fail. But for the architect of that plan to shut it down after 3 years--yet prior to achieving its stated/real goals (job growth as expressed in rising wages) is madness. People thought A.G. was a madman for his Reflation Plan. I disagreed. I though it was a poor plan. I didn't think A.G. was mad. But now I reluctantly join the Madman view. PS: There is a post from Heinz that Mishdelo has posted on his board which articulates my views exactly, going forward. If A.G. is indeed closing the Reflation Plan, then, like Japan, we will have a severe contraction in the housing bubble--which will only put pressure on the Fed to cut rates again.

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