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

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To: John Vosilla who wrote (80198)3/21/2007 4:29:14 PM
From: orkrious  Read Replies (4) of 110194
 
I see shades of gray from all this and I think it will only be as bad as you predict if rates rise several hundred basis points.

Long rates are headed higher as credit spreads blow out. Look at the 30 yr today. Rates were barely down. The yield curve is steepening.

You would not believe how out of control government spending is down here in Florida..

I just got home Monday night from a week in Florida. I have to say I was impressed with the roads. Everything was very green and well kept (at least compared to Detroit <g>). Water levels were low. I wonder what's going to happen when the State runs out of fresh water. A guy I had dinner with on Sunday told me the water table is 27 feet lower than it was a decade ago. I can't vouch for the accuracy of that but with the massive development it wouldn't surprise me.

BTW, gov't spending is out of control everywhere.
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