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


To: ild who wrote (6936)2/4/2004 2:39:17 PM
From: Crimson Ghost  Read Replies (2) | Respond to of 110194
 
Yes indeed. Very news for the powers that be if this continues. I have long maintained we would not get another really big drop in stocks until bonds stopped surging every time stocks sneeze.



To: ild who wrote (6936)2/4/2004 2:40:41 PM
From: ild  Respond to of 110194
 
Date: Wed Feb 04 2004 13:43
trotsky (frustrated) ID#377387:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
true, that's what we must figure out. it's however also important to remember that while they can successfully scam the market in the short term with their bogus data, they can not hope to achieve the same result in the longer term. truth has a habit of being revealed in the market over time.
the economic Potemkin villages erected by various statist scamsters have historically always been done in by the market - eventually. the former Soviet Union being an extreme, but nevertheless good example.
mozel got it quite right last evening - we have devolved from capitalism to a sort of huge public works program, where the gains are reserved largely for an elite, while the losses are firmly socialized. it works for a while, but it's unsustainable in the long term. the bogus data are part of the game.

Date: Wed Feb 04 2004 13:26
trotsky (frustrated) ID#377387:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
oh, i agree....we HAVE to 'live with it'. i just mentioned this because it's become a sort of automatic reflex...whenever someone mentions GDP, productivity , jobless rates or inflation, i feel the urge to remind everyone that the data are a complete scam - not dissimilar to just about everything else the government tells us.