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

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To: LLCF who wrote (22241)11/23/2004 3:19:44 PM
From: Jim Willie CB  Read Replies (1) of 110194
 
and of housing owners, UCKEM ALL ALSO ???

a veritable bonfire of the mortgage paper vanities

a monumental CATCH-22 is upon us
A - let rates go up and watch federal deficit skyrocket while housing and indebted citizens go bust

B - monetize bonds, hold rates down by means of a USDollar sacrifice, and watch the real economy enter a widely recognized depression, while the financial bubbles slowly leak

my vote is B, with eyes closed, and hope that bubbles remain levitated

/ jim
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