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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bid Buster who wrote (74863)3/9/2007 3:09:00 PM
From: Real Man  Read Replies (1) of 94695
 
High yields will sure cause a lot more credit
implosion, not less. In a scenario of the dollar meltdown
(dollar craters, yields go up, credit implodes) they can
really do absolutely nothing. Printing will cause more
dollar cratering, yields skyrocketing, and more credit
defaults. That's my favorite scenario, given the involvement
of the Fed in the markets, but I don't see it happening just yet - yields on
LT treasuries are still extremely low, and the dollar is
hanging in there.

This scenario is certainly the favorite in modern times
for punishing reckless Central Bankers -g-
The first example was probably John Law?
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