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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (7587)1/8/2008 10:08:58 AM
From: jim_p  Read Replies (1) of 50725
 
Excellent points!!!

It all boils down to a couple of pretty simple facts.

1. The bond market is screaming recession and the bond market is never wrong, it dwarfs the stock market in size.

2. Gold is screaming inflation and it's got a pretty good track record on inflation.

3. "The cloak of anonymity on both "who" comes to the discount
window and "what" the Fed is taking as collateral."

This pretty much tells anyone who isn't wearing blinders the whole story on how bad it really is.

The big difference today from past downturns/meltdowns is the amount of wealth in the sovereign wealth funds. In my opinion they are the ONLY reason the markets haven’t collapsed.

Jim
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