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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: GST who wrote (36576)7/22/2005 1:12:48 PM
From: Umunhum  Read Replies (2) of 110194
 
What I see is the UK following your script -- and it is a coherent logical script that does not apply to the US -- why? Because the UK is your run of the mill country going through a typical asset bubble while the US is in transition from supreme economic being to crack whore trainee.

I don't know if I would use your terminology but you made my point. Mish completely ignores the fact that the US is borrowing over 70% of the world's savings. He seems to think that it isn't important. I give up. There is no point in debating someone who claims that the US government spending is going to go down.
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