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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (75818)12/16/2006 3:02:36 PM
From: kris b  Read Replies (3) of 110194
 
And one Bully or one non productive Pig Man can put more consumption (and inflationary pressure) back into the economy than twenty Brazil Americans shopping at Wal Mart.

Russ, if this was true the US economy would be accelerating rather then decelerating. I think that their purchases are concentrated in the very top 10% of the very high end establishments, which doesn't help much the remaining 90% of the economy. See latest downward earning's revisions by number of the companies producing for the real rather then financial economy. If the current downtrend in the real economy continuous it is just a matter of time before it pulls the financial speculation down with it.
In 1929 economy entered a recession in June/July while financial mania carried on until October of that year. So much for predictive abilities of the financial markets in maniacal stages of the liquidity/credit bubble.
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