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


To: Crimson Ghost who wrote (3272)12/12/2003 8:13:19 AM
From: loantech  Respond to of 110194
 
<biggest bond massacres ever before this is over>

Hey now I want to keep my mortgage job a few more years. <g>



To: Crimson Ghost who wrote (3272)12/12/2003 12:11:52 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 110194
 
Greenspasm's first failure was 2000 stock bust
his reputation took blows, but remained 80% intact
he is still regarded as a demi-god
of course, fully undeserved
since he is the greatest inflationist in the history of mankind

Greenspasm's second failure will be the bond bust
IT WILL BE MUCH MORE LETHAL TO OUR ECONOMY
the USEconomy skated thru the stock bust
the only devastated sectors were the main offenders:
TELECOM AND BROKERAGE

the bond bust should begin in 2004
the warning was given in July 2003
the bond bust will have serious fallout in housing sector
it will usher in the long-awaited recession
I expect this recession almost never to end
despite desperate Fed actions to monetize everything in sight
they have already begun to monetize new TBond issuance

which I predicted in recent articles, putting US$ at huge risk

what few investors fully grasp are:
- two losers in a mortage bond loss, the bondholder and property holder
- the bond market is 10x larger than the stock market

the unprotected instrument is the USDollar
no longer is the US$ leading GOLD
rather, GOLD leads the US$
this is a huge development, which few realize

much confusion over which leads which: GOLD, US$, MINERS
GOLD is slowly taking over its historical predominant position among currencies
miner stocks will be pursued by rapidly depleting gold producers
and will drive up miner stock prices 10-20 fold !!!

/ jim