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

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To: Roads End who wrote (86664)	9/20/2007 8:42:55 PM
From: Lazarus_Long	Read Replies (2) of 110194

The American gov't did more damage to the United States in one day than the USSR did in 70 years. It cut interest rates 1/2% to help fiscally irresponsible lenders and borrowers. It increased the amount of debt (read housing loans) Freddie Mac and Fannie Mae can take in by 20%. Savers will earn less on their savings and have less incentive to save. The Canadian $ is now at par with the US $, a position it has not held since 1976. research.stlouisfed.org (Sorry, Canadians, this really isn't meant as a shot at you. Look at it as a reward for having more fiscally responsible gov't.) Following that, the prime rate went over 20%. research.stlouisfed.org And 1-year treasuries went over 17% research.stlouisfed.org along with 30-year mortgages research.stlouisfed.org These high rates reflect a high inflation rate. Oil is over $80/bbl. stockcharts.com pushing up transportation costs. And the US$ continues in free fall. quotes.ino.com pushing up the price of everything imported--which seemingly is everything, now. Gold is at US$725/oz. marketwatch.com or is it $734? kitco.com Can massive inflation be far away?

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