The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: Crimson Ghost who wrote (90465)	1/17/2008 1:25:05 AM
From: John Pitera	of 110194

An alternate way of looking at this: More evidence this morning that the bond market (probably reflecting Bernake's views) does not give a sh.t about inflation We have one of the most severe periods of global economic distress in the past 100 years and money is desperately flocking to asset classes perceived as providing shelter from the storm and retaining some purchasing value. US Gov. debt -- quality flight to safety. As Will Rodgers famously said, I'm not so much concerned about the return on my money as I am about the return OF MY MONEY. GLOBAL market are concerned. We're relatively fat and happy in the US as to a regime change that Nationalizes assets, changes the rules in the middle of the game, experiences a hyperinflation that busts a currency, or a pull back in Government to a totalitarian mode that confiscates assets. One caveat about times like now is to keep your gunpowder dry and wait for once in a generation liquidation market pricing to purchase assets for 20 or 30 % of intrinsic value. The other caveat is to make sure your gunpowder has not been absconded in the middle of the night before you can use it. John oh yes, one more little observation... changes the rules in the middle of the game ... Please look past our Governmental initiative to change the rules of the game in elements of the subprime and teaser rate mortgage reworks proposed by the Government by The Pres. a few months ago.

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