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

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To: ild who wrote (63503)6/13/2006 11:17:28 AM
From: orkrious  Read Replies (1) of 110194
 
trotsky (Baghdad surprise - pm stocks) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
"Amid extraordinary secrecy, President Bush traveled to Iraq for an unannounced five-hour trip"

sorry for the OT on a day like today - if i were him, i would also not dare to spend more than 5 hours in Chaostan. frankly, i'm surprised he has the stones to go there at all ( maybe it's just stupidity? ) .

@pm stocks - money flows look bullish again, but they have done that all, or most, of the way down. this is intermediate term bullish, as is the fact that the Rydex pm fund CF ratio has dropped to its lowest level since August of '03.
obviously it's totally meaningless for the short term, which is governed by the global liquidity panic. the central banks have chosen the wrong moment to get tough with amazing precision once again. after evidence has been accumulating for months that the US housing bubble is rolling over, they suddenly start getting serious about 'fighting inflation'? there can be little doubt we're heading for the dreaded consumer recession - it's going to be bad. we have the second yield curve inversion this year and the world is up to its eyeballs in debt. the central planning bureaucrats who direct the globe's monetary affairs have brought us to this juncture - their mistake is not so much that they have decided to tighten the screws just as things are heading for the cr*pper already, but that they have allowed the debt and asset bubbles to form in the first place. now the bills are coming due.
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