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

To: russwinter who wrote (9796)	3/9/2004 3:18:31 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 110194

I agree that BOJ will soon be unable to intervene but what concerns me now is that the BOJ IV effort seems to have no upside barrier they are attempting to forestall a worldwide wave of ocean tides thus, they seem to be drawn into unlimited yen monetization will we see $300B in BOJ IV toward US$ rescue this year ? after $184B in 2003 they feel they must, as even their exports are slowing China is key here, as exports to China are relenting somewhat IS THERE ANY PERCEIVED OR PRACTICAL LIMIT TO BOJ IV ??? I do not think so this reminds me of a drug addict he sells his entire family fortune out then his inlaw's jewelry then raids the cellar museum of its rarities then onto the neighbors I see no limit WHAT WE HAVE HERE IS A FAILURE OF CENTRAL BANKING PLAIN & SIMPLE they are not ill-equipped, they are totally incapable of fighting DEFLATION I believe you, Russ, will achieve some level of satisfaction only very late in this game USTBonds will be the final asset group to suffer deflation dead last, then we are dead, with rising interest rates when the EU and Japanese economies felt some pain, they jumped in to rescue the US$, out of self-interest they flinched as long as exporters need domestic help, CB's will help that help will be in the form of USTBonds as long as oldline industries resist reforms, CB's will help more USTBonds bought the #1 safehaven will remain USTBonds for some time YOU NEED FOR THAT TO CHANGE, BUT IT WILL TAKE TIME it will require enough time for our Trez supply needs to escalate it will require enough time for ECB and BOJ ability and willingness to wane, or be worn down or for their desire to support Chinese debt to grow ECB and BOJ will keep subsidizing the US$ in the form of USTBonds until the cows dont come home many steps remain before USTBonds suffer the deflation it will come in the form of worldwide illiquidity but not for failure to try it will be from failure to keep up the USGovt federal deficits are gonna rise war and prescription drugs will be the lethal pieces few seem to expect an outright US Economic recession I sure as hell expect it to begin next year, maybe 2H 2004 KRichebacher points out that extreme imbalances are plenty enough cause for kicking recessions off, all by themselves and we have monstrous imbalances incredibly, our Knighted MrMagoo Greenspasm does not believe imbalances and USDollar decline are related !!! what a fuching moron or else, just another lying politician lately, he is acting like Secy of Cheerleading / jim