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


To: Cactus Jack who wrote (1103)9/27/2003 12:47:39 PM
From: Jim Willie CB  Respond to of 110194
 
I expect a double bottom to be seen in TENS Trez yield
personally I doubt the lows this spring will be seen again

phase #2 is different
Asians are now under attack on their USTrez holdings
they must now begin hedging against their US bond reserves

we have numerous reasons why Americans will turn from stocks to bonds
but the Asian demand for USTBonds is utterly huge
their percentage of new demand has gone from 40% to 60%

I havent heard all of Heinz's work
he may be underestimating the extent of Asian Central Bank
plans to diversify into Gold
INCLUDING THE BANK OF JAPAN
they are already under heavy stress from past years
any new stress must be dealt with quickly
/ jim