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

To: gregor_us who wrote (7340)	2/8/2004 12:38:43 PM
From: mishedlo	Respond to of 110194

Yes. As I said if the consumer stops "performing" then why support him? That is the real risk I would suppose, but if we stop buying their stuff, what do you think happens to their economies? If no one buys stuff from Europe, how fast do they head into a recession and how fast do they cut? Which comes first? The chicken or the egg? Yes the world can stop buying treasuries and stop being willing to lend. In fact that will happen at some point if you look far enough ahead. Ahead to when China has taken all our technology, knowlege transfer, built up its oil and copper reserves, and it has an economy that is self sustaining. That will take a while IMO. years. That is what the treasury bears just do not understand. Mish