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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 (6887)	2/3/2004 9:06:22 PM
From: mishedlo	Read Replies (2) \| Respond to of 110194

Gross said he did not expect the Fed to raise interest rates for "at least another six months" until sufficient jobs have been created to remove some of the slack in the economy. Well we sure agree on this. Notice he said AT LEAST! Now pray tell, what is he doing in Brazil Junk debt? I am sure I saw that posted somewhere. M

To: russwinter who wrote (6887)	2/3/2004 10:35:53 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 110194

Russ, eventually Asians will diversify into crude oil reserves, forests, cement plants, silver refined output, grain silos, coal mines, steel mills, etc first the transportables, then our own over here we are utterly insane with our debt addiction I know addiction, let me tell you it has been 17+ years since my own drug rehab in 1987 I regard the entire US economy as an ADDICTION MANIFESTATION each step down for the USDollar means more diversification for Asians away from what they gobbled up in the last round I cannot see Asians even keeping pace with what our credit requirements will become I think despite economic slowdown, we got some credit supply challenges which will not be met and interest rates ratchet higher Russ, seriously, I see both sides to this and anticipate bigass volatility in bonds this year too many focus on the demand side, like MishMan (bless him) but I think they overlook the supply side yield carry trade can do only so much when it unwinds, man oh man, it will get unexpectedly weird then ugly just when credit needs escalate / jim