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

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To: shades who wrote (83703)7/17/2007 2:39:40 PM
From: russwinter  Read Replies (2) of 110194
 
What you describe is not exactly what I'm seeing. I see Wildcat Finance types and Japanese housewives at trading terminals creating money (liabilities) to heaven, not so much central banks (*). Yes, it has the same effect, but there is a distinction, wildcat finance can evaporate much easier.

(*) US Fed securities held now 790.6, one year ago; 766.4 +3.15%
federalreserve.gov

They've been negligent about runaway dangerous credit creation by wildcat finance and Pig Men, but have not been "printing money" or monetizing.
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