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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 (809)	9/18/2003 8:57:36 AM
From: Mike da bear	Read Replies (1) \| Respond to of 110194

Russ, This is good due diligence but I'm currently of the opinion that FA doesn't matter what-so-ever. TGT price will move up or down based on charts, TA, other mumbo-jumbo. Eventually (over the course of a year or 2 or longer) this FA will ultimately influence the stock price. Makes one wonder wether it's worth the effort for doing this analysis.

To: russwinter who wrote (809)	9/18/2003 9:31:24 AM
From: ild	Read Replies (2) \| Respond to of 110194

Russ, thanx for update on TGT. Apparently all the gains in consumer spending are based on easy credit and cash outs from refis. The $64K question is how much longer can this go on?

To: russwinter who wrote (809)	9/18/2003 9:46:30 AM
From: ild	Respond to of 110194

Use Your Big House To Buy A Big-Screen TV? September 17, 2003 northerntrust.com <<<The chart below shows that in the second quarter, a record amount of approximately $450 billion of cash was liberated at a seasonally-adjusted annual rate, which augmented disposable personal income by about 5-1/2 percentage points. >>>

To: russwinter who wrote (809)	9/18/2003 10:35:08 AM
From: Jim Willie CB	Respond to of 110194

email to a smart friend who works in small business counsel you are a true expert in micro-economics, which involves how to improve and build a business unfortunately, macro-econ is not studied or understood much at all in the USA Kurt Richebacher laughs at American poor understanding of currencies, central banking, monetary policy, and statistical fraud in data series here is an article that points out the derivatives, the outrageous hedge books, insufficient capital foundation, and speculative excess behind Fanny Mae it is absolutely frightening I doubt you know 5% of what goes in within its financial operations anyone like you who claims all will be fine, the govt is going to bail us out, the Fed is going to inflate us out of trouble, is like a little boy walking into a fiery building finding comfort in the baseball cards he is holding Fanny Mae has 2% foundation, 50-to-1 leverage they are now selling TBonds as rates rise and hurt their derivative game Greenspan deceived them, and now they are screwed it is called "mortgage rate convexity" and you need to learn about it as refinance operations slow, Fanny must raise cash by means of liquidating their heavily "long" hedge book, which means sell futures contracts in TBonds this is convexity, with sharp teeth the consequence of 20% money supply growth for 2-3 years, off & on... is fast rising interest rates in the USA later this year and next year you tend (like most liberal economic kindergarteners) to believe govt policy can be meted out without any price down the road "down the road" is NOW NOW NOW gold-eagle.com take it easy, my friend and try to learn more about your biggest blind spot -- macroeconomics you can do it, if you give a shit so far, your political views prevent it / jim