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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 (9860)3/10/2004 1:39:23 PM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
They should have never let the genie out of the bottle in the 2H of last year. They've done nothing to stuff it back in, and it's already Train Wreck time..

I agree - but it has nothing to do with 2n'd half last Q
It goes way way back to an entire string of errors by Greenspan. Each one compounding the TROUBLE.

Unfortunately we are beyond the point of no return.
Any attempt to stop the rrain will stop the world and we will just blow up in a derrivative unwinding mess.

All we can do is patiently wait for the crash.
In the meantime, expect them to try and stop it with interest rate cuts in Europe and possibly even here.

Mish



To: russwinter who wrote (9860)3/10/2004 1:47:38 PM
From: mishedlo  Respond to of 110194
 
Question of the day.
I do not know, perhaps you have an idea.

How much of that miracle 9% GDP we has was attributable to:

1)The falling US$
2)Hedonics
3)Military spending
4)Energy price hikes

How much did it really go up?

Mish



To: russwinter who wrote (9860)3/10/2004 9:32:01 PM
From: loantech  Read Replies (1) | Respond to of 110194
 
<The next stage of this: somebody(or in plural) credible is going to shout serious inflation (fire) in a crowded theater, then the alarm will go off. >

Then gold goes up?