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

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To: Broken_Clock who wrote (54308)	2/20/2006 1:45:19 PM
From: mishedlo	Read Replies (2) of 110194

"Unfortunately, for the FCBs, they will soon realize this error, when Joe Sixpack increasingly fails to pay his mortgage, and then turns over the keys." What makes anyone think that foreign CBs care? Is there any evidence of them caring? Their aim is to help their own exports and not to make a profit or even necessarily to get their money back. You have a lot more leeway when losses are more or less irrelevant. Mish

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