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

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To: sciAticA errAticA who wrote (14609)5/27/2004 6:12:59 PM
From: russwinter  Read Replies (1) of 110194
 
Fed went crazy with the serious monetizing this week at $3.174 billion, about six times the norm of the last year.
federalreserve.gov

If the BOJ is also back to their currency interventions again (which I strongly suspect they are of late, off the USD weakness, May's numbers about due out) we are talking a whole new ballgame. SSB's $67 oil target won't be outrageous at all, nor will $500 or $600 gold in this scenario. This activity makes today's 4.60% yield a set, manipulated price. This is BAD, surely even some of the cognoscenti will get their heads out of asses, and speak out on this one!! Has everyone read the German hyperinflation essay? If the zero interest deposits sitting in Japanese banks start "getting mobilized" we will get hyper-inflation, not just the bread and butter variety.
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