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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: surfbaron who wrote (2891)7/23/2002 12:09:18 AM
From: Jim Willie CB  Respond to of 89467
 
TrezBonds are now the financial asset new bubble imho

who is buying it?
those seeking safehaven from stocks
but it is mainly Americans
evidence is the falling dollar as TBonds rise (drop in rates)

we are gonna get a rally in stocks in next few days
I can smell it
gold is coming down
gold stocks are testing support
and the dollar is rising back toward 105.5 resistance

I believe gradually over the next few months, foreigners will slowly exit USTreasurys of all kinds
the rise nominally doesnt offset the dollarized loss
by any measure it is a bubble, but deflation underpins it
in about 12-18 months, we should see some price inflation
it might return quickly
/ jim