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

To: westpacific who wrote (4203)	12/31/2003 5:01:50 AM
From: westpacific	Respond to of 110194

Did everyone see the Steve Puetz comments.... --- The recent drop in the nation’s money supply is the most significant decline since the Great Depression. It’s the first sign that the Fed’s easy credit policy isn’t working. And it’s an early warning that a deflationary collapse is developing. The recent speculations in commodities, junk bonds, and stocks are symptomatic of manias that often form right before a bubble bursts. Because of mounting deflationary pressures, the most recent speculations couldn’t be more ill timed. Furthermore, decades of easy-credit and excessive consumption have left all sectors of the economy riddled with debt. As a result, credit quality has never been lower in the US. In the meantime, the first significant deflation since the Great Depression is fast approaching. As deflation sweeps the country, consumer prices will fall, unemployment will rise, and the much hoped-for economic expansion will evaporate in thin air. And speculators who have loaded up with commodities, junk bonds, and stocks will find their investments nearly worthless after the greatest panic of all time unfolds.

To: westpacific who wrote (4203)	12/31/2003 10:36:18 AM
From: Crimson Ghost	Read Replies (3) \| Respond to of 110194

Steve Saville has long argued (I think correctly) that we have had a true bear only in tech. The big bear in the overall market has yet to begin -- and this could commence very soon.