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

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To: russwinter who wrote (20077)10/17/2004 12:08:23 PM
From: philv  Read Replies (2) of 110194
 
It is a pleasure and educational to read this thread and your well reasoned thoughts, and I include Mish as well. Your constant examining of your position and amazement at the power of the establishment to skew the facts and avoid responsibility for their actions equal mine. Who knows what tricks they can still employ. This is a different age, a circle has long been drawn where all economies are involved and linked together. Support for the economic system, dominated by the US dollar is world-wide, and shows no sign of dissension, cheered on by big business and shills.

I fully expect a miracle to occur, with the result that the price of oil will drop dramatically taking gold with it. Just before the Presidential election. Call me cynical, or maybe just battle scarred. This economy is like a big ship, full of confusion, constantly being repaired, still heading for the rocks, but the captain and crew aren't worried. They claim they will be able to change course in time even though the rudder seems stuck for now.

Who are you gonna believe, the captain or the passengers?
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