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

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To: Steve Lokness who wrote (15810)6/24/2004 6:33:45 PM
From: austrieconomist  Read Replies (1) of 110194
 
Steve, I guess we'll speculate alone together. My comment on the robust sales and "catching a falling knife" suggested my belief that catching peaks in trends was much more difficult (and potentially costly, if one bets against the trend) than identifying with hindsight when it was that the trend peaked. It could also be a common thread among bubble (hate to use that term -- but there it is) peaks that action is accentuated into that peak. I doubt that wages are rising faster than they appear... those numbers are pretty well known. Who knows but my guess is that the Fed is locked into a quarter point now and will not move (not politically astute) until after the election, when many more "facts" will be known.
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