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

To: yard_man who wrote (3615)	12/18/2003 8:29:39 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 110194

debt burdens have limits, grasshopper debt service is now estimated as 78% of US GDP debt load is now estimated as 115% of US household income in a few years, at this pace, it will be 85% of GDP and 135% of household income "same old same old" arguments like yours are part of the problem you should perhaps become a PR man for the Fed mui shallow, methinks / jim

To: yard_man who wrote (3615)	12/18/2003 11:35:51 PM
From: Real Man	Read Replies (2) \| Respond to of 110194

Have you ever considered -- just for a moment -- that the whole world may go the way of Japan?? Oh, yeah, they sure will -g- But US may go the way of Argentina. It seems private foreign bond purchases outnumber CB purchases. But you are right. The dollar fell twice it did in 1994, and the bond just stayed there. We won't mention, of course, a brief incident in June, which was about the worst bond bear ever, percentage wise, at least in recent years... That June-July drop is very likely a start of the bear market in bonds. But then again, it might not. I don't know why not, given the dollar drop.