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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (47401)12/15/2005 11:52:09 AM
From: russwinter  Read Replies (5) of 110194
 
offset by a world awash with too many dollars searching for a home>

I think we should be discussing the validity of that statement in the context of the need to finance a $1.25 trillion twin deficit in 2006 for a bankrupt economy. There are two big flaws with the savings glut theory: 1. they (mostly foreigners) are buying Old Maid Cards (OMC), of dubious credit quality, and 2. the new requirement to finance and more importantly even support the old OMCs of dubious quality totally outswamps the so called savings glut. 3. the savings glut is speculative borrowing driven, in otherwords a new credit instrument (such as a repo) needs to be created, to generate this bogus "savings glut" fuel. It really does not compute once this third factor is evenly minimally disrupted, the whole theory is a Big lie and bogus.
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