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To: orkrious who wrote (155929)3/15/2002 5:37:34 PM
From: Box-By-The-Riviera™  Respond to of 436258
 
thanks!



To: orkrious who wrote (155929)3/15/2002 6:44:16 PM
From: reaper  Read Replies (6) | Respond to of 436258
 
interesting article but that dood has it completely backwards. money supply and long rates are gonna collapse; 10-year yields will have a 3-handle at some point before June 2003. and contrary to popular bullish perceptions, low long rates are gonna kill stocks 'cause a lack of inflation (which means a lack of ability for corporations to raise prices and for wage earners to get raises) means the current historically high debt burdens will be unservice-able. DEflation kills a highly-levered market, not inflation.

Cheers