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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (344)2/20/2004 3:33:18 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 116555
 
incompetent & clueless OR deceptive and liars ???

unsure really of the answer
they have spent their entire lives committed to a debt-based economy and debt-backed currency
if they were to turn coats and come to grips with reality of the grave danger of debt, they would have to repudiate their entire careers
they will not do that

/ jim



To: Crimson Ghost who wrote (344)2/20/2004 3:45:19 PM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
Here's my PPI conspiracy theory.
Notice the selloff in oil and copper and gold today? Small compared to the lastest rise but a start.
They are gonna delay that MFing thing until prices come down quite a bit (helped by a US$ bounce perhaps), and then revise the way they calculate it to boot (hedonically adjusted copper anyone? ggg) so that it looks nowhere near as bad as it is/was.

My understanding is that the PPI is indefinately "on hold"
Are they looking to keep treasuries in the range 4.00-4.20 for some reason?

BTW notice the DIRECT as opposed to the inverse correlation of gold and eurodollars. If I am not mistaken your logic had rising gold forcing treasuries higher. Here, once again we see falling gold and falling treasuries, as I suggested to you some time ago. What a world huh?

Let's see that JBR tonight.
Have a good weekend.

Mish