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To: Crimson Ghost who wrote (522)2/1/2003 9:22:14 AM
From: orkrious  Read Replies (2) | Respond to of 1210
 
scary as hell credit bubble bulletin. it ends with this:

It is our view that the longer we travel down this dangerous course the more rapidly the Post-Bubble America pendulum swings away from a Japanese scenario in the direction of Argentina.


prudentbear.com



To: Crimson Ghost who wrote (522)2/1/2003 9:48:04 AM
From: loantech  Read Replies (2) | Respond to of 1210
 
George,
I always thought junk bonds would decline in value as their yield rose under a monetization policy and therefore the action of monetization would be bad for all bond holders junk or USBonds?
Thanks,
tom