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

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To: russwinter who wrote (76154)	12/20/2006 7:53:50 AM
From: Real Man	Read Replies (1) of 110194

Russ, how can you protect yourself in current "market"? Shorts don't seem to work. In my view, the Fed has fully demonstrated what they are after - preventing and covering up a systemic derivative meltdown at all costs. The derivative market is totally out of control - the fails don't even matter anymore. The question is, where does this leave us? Gold and oil? Personally, I think a meltdown won't happen right now, since 10-year rates and spreads are so low, so the "pig men" have succeeded to keep the system together, for now. That's why the coupon passes - no danger to rates now, although there is a potential for the dollar crisis if USD falls below 80. Ben Fed always does that. They demo "care" parade about the dollar at bonds breakdown point. I fully agree with your Brazilification of America. So, perhaps, Brazil-style currency meltdown will be the final outcome of current Fed action. I just don't see them changing their course, no matter what, since prudent action on their part will result in a derivative meltdown of epic proportions.

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