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

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To: Tommaso who wrote (36314)7/19/2005 2:15:52 PM
From: John Vosilla  Read Replies (1) of 110194
 
"I don't understand the money supply figures for the last two years. They seem quite disciplined, yet the expansion of credit via mortgages and refinancing mortgages has been huge."

That is part of the conundrum especially when you add in what is now a flat yield curve and yet even more money is awash out there looking for someplace to land be it long term treasuries, mortgage backed securities or speculating in bubble market housing.
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