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

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To: Mike Johnston who wrote (76049)12/19/2006 9:44:36 AM
From: russwinter  Read Replies (2) of 110194
 
<No way they will hike>

If Thailand is any indication, you now have the exact reverse of the 97-98 Asian crisis: out of control spec flows caused by a weak USD play against Asian currencies. The specs are piling on. For the US to do six coupon passes in three weeks (print even more USD for Riskloves to pile on with), and even more going forward would be the ultimate in fuck the rest of the world arrogance and selfishness. If the US was truly a global player in good standing, they would hike rates today in an emergency session. Instead we will probably get another coupon pass, and tell Thailand to fend for itself.

No uptick in VIX at all. XLF unchanged. Tells you who is behind the attack on the USD in Asia.
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