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

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To: Wyätt Gwyön who wrote (27814)3/4/2005 4:18:21 PM
From: Jim Willie CB  Read Replies (1) of 110194
 
Greg, govt junk sells at lofty price
with horribly understated risk built in

we seem to be moving toward a situation
where govt bonds will eventually be owned mainly by central banks
because they are junk
this applies to both Treasury bonds and Agency mortgage bonds

/ jim
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