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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 (9044)3/1/2004 12:58:32 PM
From: russwinter  Read Replies (1) | Respond to of 110194
 
All true, but no matter how bad it gets, any, and I mean even the Wizards will need to insure there is a viable monetary system left. You don't do that in the environment I'm describing (really is there any doubt now?) with the Fed leaving rates at one percent, and the BOJ flooding the market with $35 billion yen a week.

It's sort of looking from all indications that the Chinese will be the first (of anybody) with an inflation fight of sorts? It can only be higher interest rates and/or a currency re-peg, (turning off electricity voluntarily ain't it). That will leave the US and Japan as the bag holders coming out of the gates in terms of securing key goods like energy, metals and food.



To: mishedlo who wrote (9044)3/1/2004 1:32:21 PM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 110194
 
mish after the US PMI today I hope you see why ECB will not lower rates.

IMHO they will wait until summer to see if the US is doing anything about interest rates. If the FED will hike by 0.25% the ECB will stay putIMHO