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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (72794)3/20/2006 9:35:12 AM
From: Real Man  Read Replies (1) of 94695
 
We'll see. Last week foreigners sold 10 billion worth of US
treasuries. The fundamental situation is horrible - almost $1 Trillion
current account deficit, which adds $45-50 billion per year in
interest payments. 7% trade deficit is not just bad, it's
horrible. With the Fed being a major bubble proponent,
the only fundamental direction for us is much higher long-term interest rates
and much lower stocks and dollar. It will happen, and it will be the cause of
a major currency crisis, but will it start this week? Only time
will tell.
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