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

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To: benwood who wrote (92596)3/21/2008 2:15:12 PM
From: Tommaso  Read Replies (1) of 110194
 
The past week has been what we call a humbling experience. The only thing I can brag about is that I actually have a positive cash balance in my margin account. The accounts I manage are down about 9%-10% in the past ten days or so.

"Don't Fight the Fed." Well, OK. But nobody told me that Bernanke had totally lost his mind. I thought he had only lost one hemisphere.

I do wonder what happens when the credits passed out so freely have to be repaid or else monetized. Incidentally, the process may already be under way. Money supply figures show MZM running at over 34% rate and M2 at over 16%. Anybody want to hazard a guess at what M3 would be doing? How about 48% p.a. ?
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