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

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To: UncleBigs who wrote (64892)6/29/2006 4:40:15 PM
From: Mike Johnston  Read Replies (1) of 110194
 
No way 5.25% Fed funds is going to contain inflation that is spiraling out of control.

Oil only one dollar away from record high.
House prices still elevated, every new sale (annual 6M down from 7 M is still a lot) releases hundreds of thousands in windfall profits for the seller.

Still a lot of past inflation in the pipeline, house prices have tripled and prices stay high.

The message is clear, get rid of Roman Coins that are being shaved day by day while authorities insist that they will be vigilant to protect their value.

Nothing has changed, get out of dollars now.
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