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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 (7701)	2/11/2004 6:24:45 PM
From: Jim Willie CB	Respond to of 110194

I believe the tipping point involves two things 1. Asia (in particular China) requires the capital for middle class domestic credit needs 2. a US refinance new round has poor results, as rates drop, but very little continued consumption either way, reduced yields and falling dollar push toward that end point who knows when? who cares when? like an addict with his/her dealer like a husband with a cheating wife like a manager with a badboy athlete like a wealthy father with a bratty son always in trouble like a Board with a selfish spendthrift CEO..... IT COMES TO AN END, ALWAYS, since it strains the human nature / jim

To: gregor_us who wrote (7701)	2/12/2004 8:57:53 PM
From: glenn_a	Read Replies (1) \| Respond to of 110194

lambeth-palace Re: your post to JWCB titled "The Asian Credit Supply and the Western Consumer" ... you commented: "The relationship feels very much like one between the addict and the drug dealer. I have no idea when the arrangement ends...but these relationships never end well." Well the so-called Opium War between Britain and China certainly didn't end very well. You remember the Opium War? ... the one where Britain took the moral high-ground of "free trade" to demand the right to hook China's coastal population on opium. Yes, such moral righteousness of the time of the Anglo "race" (as they conceived themselves at the time) certainly makes me proud of my own partial English heritage ... NOT. I believe this was how Britain obtained Hong Kong. Makes me wonder if one day China will do a hostile takeover of Liverpool or Manchester. Then again, perhaps as the lead singer of Midnight once proclaimed, "the time has come to say fair's fair". Go figure, the birthplace of the Industrial Revolution a Communist precinct. Who'd have thunk it? ;) Regards, Glenn