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

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To: John Vosilla who wrote (91935)	3/5/2008 11:34:22 PM
From: THE ANT	Read Replies (4) of 110194

Calm down John,China has the weakest currency in the world and no one worries about them.The US debt is in $.The lower the$ the less debt owed.Once we inflate a certain amount there will be no advantage of going further.Brazil got rid of inflation overnight, but only when it was in the interest of those truely in power.I think the fed would love to have one month of 30% inflation(wages included)as they would then slam on the brakes and not have to worry about people being underwater in their mortgages or banks failing.In the meantime they have to pretend they hate inflation while trying to create it.We live in a world of lies What the public loses they would have lost anyways.GNP growth was excessive as we thought we were wealthier than we were.That is what recessions are for--lose what was never yours in the first place.Next the $ should never have gone up to its peak during the NASDQ bubble.It was never worth that and we got things cheaper than we should have---payback is a temporary $ worth less than it should.Next we the public cheared on a NASDQ bubble and Real Estate bubble that grossly misallocated resources.We spent money based on assets we didn't really have s---w-us.Gread has its counter part-loss.Next during our boom times we gave something like a miserly 0.7% of our GNP to the worlds poor.The Hummer was not popular because most of us hated them-some did check out- .http://fuh2.com/ The developing world will now grow at a faster rate than us and make us feel poor-we should feel warm and fuzzy but we are human arn't we.Next credit for consumption should have never been so cheap Jeremy Grantham says debt does not drive GDP-he is right. So things are just going back where they should have been.They should go more nagative than that ,to pay for misallocation of capital which is a permanent lose,but I figure the part of the loss we pawned on the rest of the world will cover this.After price reset things will do just fine.Pray that gold stays high and that oil doesnt crash or it means no reset of prices,then we can feel sorry for a lot of people

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