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

To: Haim R. Branisteanu who wrote (4499)	1/6/2004 6:25:48 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 110194

EU has tiny trade gap, and minor federal deficits and 15x as much gold in reserves at ECB a transition is in progress toward new world reserve currency this will be intriguing to watch the USDollar has been abused for decades it represents the lightning rod of world major currency govt abuse I think ECB is pissed off at American financial hegemony they might actually desire that sweet 10 yrs when their economy actually benefits from the rising EURO and will overlook the associated cancer, like USA did the next couple years will see the EU appear to benefit then comes the massive implosion / jim

To: Haim R. Branisteanu who wrote (4499)	1/6/2004 6:39:56 PM
From: yard_man	Read Replies (2) \| Respond to of 110194

(dont' get me wrong -- CI is the best value out there for macro newsletters -- absolutely the best for the price) the problem with that piece is the reliance on historical relationships -- relating the decline of the USD to treasury yields to market machinations, etc and looking at prior time periods for guidance as to WHEN this or that will happen, won't be much good ... Toward the end he talks about "global printing" and gets closer to the pt. His recognition that there was no delay between the onset of the commodity bull vs. prior USD tops -- that is one of the tip offs that it really is different this time. Other writings of his also hint that he is waiting for US bond bust as well ... though, he is not as dogmatic about it as some on this thread. <g>