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


To: Knighty Tin who wrote (9783)3/9/2004 9:43:16 AM
From: russwinter  Read Replies (3) | Respond to of 110194
 
The ultimate irony is that additional massive Train Wreck unemployment that I think is coming will emerge because of easy money's role in hyperstimulating Asia, and by extension the world. Tighter money would have helped cool things off, but it's now too late. Instead the wizards (and their cronies, the BOJ) went out on their asset bubble blowing and inflation fuel injected moral hazard road shows. One percent fed funds accelerates the unemployment process now.



To: Knighty Tin who wrote (9783)3/9/2004 10:32:58 AM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
Obviously a rising PPI does not matter yet either.
My proof is the treasury market.
From a trading standpoint it is clear that one mattered and one did not.
The one that mattered was jobs.
The one that did not was the PPI.
Perhpas the PPI will matter and perhaps it wont but jobs continue to matter to the tape.
If the market is focused on jobs, why would one want to focus on the PPI?

Mish