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

To: mishedlo who wrote (4155)	12/30/2003 12:03:54 PM
From: russwinter	Read Replies (2) \| Respond to of 110194

<or quite possibly some weird worst of both worlds combination of both. > Bingo, you've hit it. Here's an example (from Money magazine, no I don't subscribe, but was spotted and page was ripped out from my dentist's office) of the sort of hoarding behavior that one percent US interest rates (cash is trash) induces: "Steve Leuthold has reweighted his portfolio with tons of metal. In the past three months Leuthold's Weeden Capital has bought 1000 tons of lead, nickel, tin and other metals. Article then goes on about China, blah, blah, blah. Leuthold's biggest stake however is 175 tons of copper stored in warehouses in Singapore and Sweden."