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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (12946)4/30/2004 1:42:39 PM
From: gregor_us  Read Replies (3) of 110194
 
Then You Would Agree the BOJ is the Co-Enabler of the F3IP?

Inflation in Milk Prices, for me, is the most excellent example of the economy telling the Fed: your plan to stimulate the real economy with an emergency-level interest rate is not working. I pair this example of energy-cost inflation with the continued solid evidence of deflating wage and job growth.

But even if the Fed arrests this credit expansion--which has failed in its primary purpose (But not in its secondary purpose--keeping things afloat for a while longer...), has not the BOJ got about 10 years head start on the same policy, with no end in sight either? Is the world not awash in Yen?

The problem of course remains that this economy, and the Commodity-China Daisy Chain, is driven by US over-consumption. If only the Fed controlled Credit Card interest rates as directly as brokerage margin-interest can be controlled, Russ.

Finally we have the issue of Desire. I think you want to see the cultural desire for consumption, here in the US, duly whacked, thwacked, and attacked. But cultures are hard to change unless dragged kicking and screaming...

And no one dares "call the loan", Russ. The world does not dare to call the loan that is the aggregate debt of America.
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