MikeM,
Good to see you back on the thread! Your article made me remember a conference I was at in Feb. in which the featured speaker was the CFO of Wachovia, who predict4ed that by year-end we would have an inverted yield curve, he also stated that that the CPI overstated inflation by 2% (except for ATM fees, :)}
However what I wonder about is the articles conclusion that low interest rates are great for the stock market, look at Japan, 1% on the long bond. When is demand in the US going to tail off?? Lee posted an article about the huge increase in US auto demand, but really how long can this last... I mean we see the slow down in personal computers, autos will be soon given the disfunction in the market due to GM. I wonder what is happening to to sales of consumer durables (don't mean for you to do my research), but hey isn't personal spending going to slow down at some point and then earnings??
I have been in cash for awhile so am getting a little frustrated (UGH, if I had just bought YAHOO on margin...) so please everyone stop spending... |
