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

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To: Mike Johnston who wrote (64106)6/19/2006 4:35:33 PM
From: gladman  Read Replies (1) of 110194
 
>>The lesson is this, never underestimate the power and willingness of a central bank to debase the currency.<<

The lesson might also be never underestimate GREED and it's ability to inflate bubbles higher than expected limitations and expectations.

97'-98' there were the same predictions regarding the Nasdaq, meanwhile dogsh!t.com IPO's went to 50-100bucks/share and beyond, we all know that bubble didn't pop until 2000. If you compare and contrast the 2 bubbles - Nasdaq and RE - you see the predictions were correct just 2-3 years too early.

The big question is when we are sitting here during the next Bubble will it follow a similar pattern of GREED and push expectations, but more importantly, can you profit from this pattern?
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