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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 (7117)	2/6/2004 11:19:10 AM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 110194

mish look at the raw numbers over few months not the adjusted data .... nothing is happening overnight

To: mishedlo who wrote (7117)	2/6/2004 11:19:51 AM
From: russwinter	Read Replies (2) \| Respond to of 110194

<no frigging way to service all that debt> It's serviced with Ponzi scheme financing. There has been little in the way of widening spreads seen even on the worst junk, and even last week. Therefore, I have to conclude that the market will only wake up when various commodities and goods go completely parabolic, and some key essential item like nickel and copper run completely out (over the next month or two). Fortunately for the US though, you don't need copper to fill out loan applications (said with extreme sarcasim). Yesterday's Inventory LME Inventory 2/5/2004 Metalprices.com MT Change Aluminum 1,429,875 -4750 Al Alloy 64,220 -60 NASAAC 97,580 -160 Copper 348,475 -3400 Lead 86,200 -1025 Nickel 14,370 -180 Tin 15,420 -110 Zinc 750,575 -2450 So the trainwreck will be a supply link collapse, not financial. The financial trainwreck will follow of course.