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

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To: russwinter who wrote (70636)9/29/2006 6:30:25 PM
From: mishedlo  Read Replies (1) of 110194
 
The larger issue is that there is way too much ficticious capital (capital without real backing) out there, right at the time that the actual servicing or return on this capital is shrinking.

I could not possibly agree more.
You know the next line don't you?
That is a massive deflationary pressure preluding a credit crunch

Mish
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