Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (37050)	9/13/2005 7:38:42 PM
From: SouthFloridaGuy	Read Replies (1) of 116555

Mish, the conspiracy theorist in me believes that the Asians and all will never dump our bonds. To do so would imply a huge loss on their "investment" and it will halt their industrialization. By continuing to finance us, they finance our credit addiction, make monetary policy impotent and eventually catalyze a debt liquidation/Depression. However, as we know, there is a theoretical breakpoint as to how much debt one can have regardless of the interest rate so credit based expansion in our country is probably close to up. The Asians are therefore betting on a US Dollar appreciation once the debt liquidtation begins. We're probably not there yet, but we sure are close. "Hence to fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the enemy's resistance without fighting." - Sun Tzu

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