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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: sciAticA errAticA who wrote (54456)2/22/2006 8:35:06 AM
From: GST  Read Replies (1) of 110194
 
<A new macro is needed that replaces antiquated closed models with the open models of globalization>

On this first point he is correct IMO. As to the second point: "wow, look at that, explosive 'growth' and no inflation!", I think he is out to lunch. I would liken this to a man who has a gun with 5 empty chambers and one with a bullet. After pulling the trigger five times while pointing at his own head he concludes, "wow, I guess this is a pretty safe thing to do afterall", and pulls the trigger once more.
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