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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (8024)2/22/2008 11:52:03 AM
From: ItsAllCyclical  Read Replies (1) of 50342
 
Ok, more to the pt it's the last bubble left. First CB's lowered during the Asian contagion in '98 and it went into tech stocks (along w/2000). The next time rates went lower the excess liquidity went into housing. Now with rates coming down again the last bubble left is commodities.

The central banks can only add liquidity. They can't control where it goes.

Stocks have issues here in a global slowdown.
Most currencies have issues.
Housing obviously has issues.
Bond market has issues.

Hard asset plays look good here by comparison in a declining interest rate environment w/global currency competitive devaluation.
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