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

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To: Wyätt Gwyön who wrote (48293)12/28/2005 2:34:14 PM
From: John Vosilla  Read Replies (1) of 110194
 
"so the Chinese miracle is in keeping with the other miracles of East Asia."

Always being skeptical of the this time is different mantra you are probably right. China going to take the US down with it this next global downturn rather than vice versa.. And its gonna be much higher interest rates, debasement of currency and stagflation it seems..

A good line from Ben Jones's blog last night from someone questioning how awash with liquidity the world really is as the excuse for low rates on the long end when if you think back the excuse back in the gold old days of 1999 was the US budget surplus kept the long end down<g>.
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