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


To: ldo79 who wrote (2067)11/12/2003 12:33:42 PM
From: russwinter  Read Replies (1) | Respond to of 110194
 
Yep, this way it gets into the junk bond funds, which are really in demand. I think that's the idea now, trash your credit down to junk status and get strong bids from "fund flows". (said with a strong tone of sarcasm)

Another huge across the board move in commodities (lead by gold, closing in on $400). How long are the bond holders going to just continue and ignore this, and indicators like the Baltic Freight index?

Meanwhile I'm seeing absolutely no benefit to all this hyper-stimulus where it counts: US wages and incomes. My DTS tracking shows it flatline. Instead we've just created a monsterous overseas economic bubble. What an absurd economic policy!