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

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To: russwinter who wrote (75746)12/15/2006 12:45:27 PM
From: mishedlo  Read Replies (2) of 110194
 
Russ I challenged you to support your claim of rising trajectory on prices. You have twice declined to provide any proof.

I ask one more time and then I will drop it.
You simply can not do so other than by pointing to longer timeframes.

On the other hand I freely admit we have an amazing expansion of credit (still going on). I talked about this many times.
It is part of the box Bernanke is in.

Interest rates are now no longer supporting any productive activities or consumers, but are still supportive of financial speculation. That is the bottom line of it all. I have to call you on it when you keep harping on PAST price inflation while mentioning a CURRENT trajectory on prices.

The current trajectory on all kinds of prices is DOWN.
Some of them WAY down and I think copper is likely to fall to 220 giving up the ENTIRE parabolic spike.

Mish
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