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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 (3716)	12/21/2003 1:29:10 PM
From: eddieww	Respond to of 110194

I think I understood the point you were making. Bolstering your case is the fact, if I remember correctly (old age and short-term memory!!!), that non-M2 M3 was the first to roll over. The so-called "hot money" flows scalded the asians and russians five/six years ago, and it may now be time for our turn in the shower. Once again, it is a question of if the pipes will hold or rupture violently, and where and how the ruptures occur. There is a lot more pressure in the system now than there was then.