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


To: russwinter who wrote (3220)3/31/2004 12:04:30 PM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 116555
 
This is bullish for confiscatory paper, I mean bonds,

so it seems, as bonds rallied on the news. this has been the best quarter for bonds in two and a half years.

what a great quarter, with all of Wall St running from bonds it was the easiest fade since Nasdaq 5000.

Prices paid surged to 75.7 from 66.9 but new orders dropped to 60.4 from 67.5.

zero cost of capital has caused a commodity bubble, along with all the other bubbles.

the one place there's no bubble is in wages. somebody's got to get squeezed, and it appears labor is the Squozen One.