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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 398.60-4.4%Dec 29 4:00 PM EST

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To: energyplay who wrote (7015)6/7/2006 2:32:23 AM
From: TobagoJack  Read Replies (3) of 218823
 
EP, in good faith, I think one of us is misunderstanding the situation. My premise is that all that which looks good do so because of the liquid deluge, and as reasoning goes, goes the deluge, so goes the good looks.

True inflation is at 7-8%;

Nominal rate is at 5%;

Even so, truly productive employment @ homeland is anemic, dependet on mortgage banking, building bathrooms, and food services, whereas truly productive employment in the periphery is dependent on willingness to extend -2% real rate vendor financing; and

All powered by zero % financing from Japan via Fannie Mae.

It never looks <<really BAD>> until it does, when obvious, imo.

Chugs, J
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