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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 (7122)2/6/2004 12:11:20 PM
From: Haim R. Branisteanu  Respond to of 110194
 
this is exactly what I mean - participation rate seems to stabilize on the other hand working age population is growing. Based on this statistics more people are working even if the "institutional" workplaces are growing at a meager pace.

Like any other statistic it seems to me that the participation in labor force is forming a " coil" (borrowed from TA) so it will break strongly in one direction



To: mishedlo who wrote (7122)2/6/2004 3:26:23 PM
From: patron_anejo_por_favor  Read Replies (2) | Respond to of 110194
 
It comes down to this: right now the US can't afford a "strong" dollar....we have too much debt that needs to be serviced, and it needs to be serviced cheaply. That means weaker dollars, and to the foreign bagholders, the Fed is saying loud and clear:

....................../´¯/)
....................,/¯../
.................../..../
............./´¯/'...'/´¯¯`·¸
........../'/.../..../......./¨¯........('(...´...´.... ¯~/'...')
.........\.................'...../
..........''...\.......... _.·´
............\..............(
..............\.............\

Eventually the response will be competitive devaluation, but when it starts is anyone's guess....