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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Wyätt Gwyön who wrote (83871)	5/1/2007 5:08:30 PM
From: carranza2	Read Replies (1) of 206334

i think the markets are overvalued No just stock markets, but real estate and metals. Don't follow commodities, except for oil, so cannot comment about them. Grantham is exactly right, we are in a global asset bubble. How can our markets keep going up when economic growth is indisputably slowing? I don't think we have begun to feel the pain that the financial shenanigans attendant to the the bubblification of the real estate market will produce. It's really a strange world. The Chinese in the last six months or so have increased their dollar holdings - T-bills, what have you - by incredibly large margins over their previous enormous holdings. Unprecedented. We are a huge debtor after having been a creditor within the last few years. Our savings rate is negative. Our trade and budget deficits are enormous. Everything points to a perfect financial storm. Yet the markets are bubbling away. What will it take? Chinese selling off the dollar, another terror attack, hedge fund collapse? There are lots and lots of loose strings that when pulled could unravel the string ball. This cannot end well. There will be bargains galore when the imbalances are balanced. I saw all of this a year or two ago, and I got scared, really scared. Is the slowing of growth the first sign of a more serious downturn?

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