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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (119)7/2/2003 7:57:54 PM
From: ild  Respond to of 110194
 
So far the market ignores all the bad stuff.



To: russwinter who wrote (119)7/4/2003 11:15:20 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 110194
 
I agree on the bond market, but not a crash
more like a slow long leak which fools many people
including GreenScheiss
many will point to the bond trouble as very temporary
but long rates will head back over 4.0%, creating new losses for moronic herd followers now in bond mutual funds

the bond damage will have a corrosive but also slow effect on real estate housing prices
but it will be an undermining effect, not a crash

the next two years will witness little shock waves
the markets wanted desperately to look the other way at the Fanny and Freddy messes
that will come back to haunt

I BELIEVE FANNY & FREDDY ARE THE BOND MARKET'S ACHILLES HEEL
I also believe Asians will gradually grow tired of financing our debts
they will gather among themselves much more in the coming 12 months so as to coordinate salvage efforts on their stupid USTBond and GSE bond purchases in the last two years

I cannot wait to hear the headlines on bond mutual fund losses
how to explain that away?
the Japanese bond bang on Thursday morning was heard 'round the world

we are heading into a recession
but within a year, only one nation will be able to label it STAGFLATION
that nation will be the USA, which will be unique in suffering from price inflation at the same time

perhaps by 2005, GreenSpasm will be correctly identified as an economic alchemist charlatan
maybe not
/ jim



To: russwinter who wrote (119)7/4/2003 9:06:08 PM
From: loantech  Read Replies (1) | Respond to of 110194
 
Russ are we going to see a gold rally during or along with or after these general market swoons?
tom