The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Umunhum who wrote (36288)	7/19/2005 2:57:42 AM
From: mishedlo	Read Replies (1) of 110194

If I am wrong about interest rates, I will more than make up for it by going long gold when Greenspan stops raising interest rates. Oddly enough you will likely be right on both when Greenspan pauses (for a short time anyway). As for belief that the US has an unlimited checkbook, I disagree. BTW if you want to talk unlimited checkbook, look at Japan. National debt of 250% of GDP and interest rates are close to zero. Interest rates will soar only if the US is out of line with the rest of the world on printing and demand for goods goes up. I think overcapacity issues will prevent inflation in consumer goods, thus eliminating inflationary pressures due to rising money supply. Finally, the wealth destruction in a housing collapse will destroy a ton of money and you fail to take that into consideration. But... for a while you may be right about treasuries. We will see but please do not put words in my mouth that I never said. As for impossibility of hitting 100%, I agree. US consumer spending will drop like a rock in a housing bust. Mish

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next