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


To: Steve Lokness who wrote (10051)7/30/2004 8:15:13 PM
From: mishedlo  Respond to of 116555
 
I agree with what you say, and perhaps that is why there seems to be no worry about inflation by Greenspan. Does that mean those of us who truely are conservative when it comes to finances will eventually end up the loser? If inflation soon roars, then those of us who do not have a mortgage on our homes end up looking pretty silly as those who were reckless get bailed out. Maybe I should get a mortgage and go buy a SUV , a nice new boat and maybe a plane and a...........
Steve


Steve.....
55 out of 55 economists are predicting inflation, as well as economic growth and job creation.

Greenspan declared defeat over deflation.

Record all time short interest in treasuries.

No one thinks anything other than a small correction is likely in housing.

Greenspan says debt is manageable (primarily based on rising asset prices like houses).

In the meantime real wages are falling and jobs are few and far between.

Now you tell me.
Is everyone right?

To believe so is to believe that Greenspan won. That Bernanke was right, and that all this debt gets magically inflated away.

Is that what you believe?

Mish



To: Steve Lokness who wrote (10051)7/30/2004 8:58:47 PM
From: mishedlo  Respond to of 116555
 
Heinz on the Rand and SA miners
This is an extremely good read

worldmarket.blogspot.com

Mr P your thoughts?
Brian how about a chart of the Rand.
Seems like this might be a currency for you to trade as well.

Mish



To: Steve Lokness who wrote (10051)7/30/2004 9:01:50 PM
From: mishedlo  Respond to of 116555
 
Enormous liquidation by gold specs.

cftc.gov



To: Steve Lokness who wrote (10051)7/30/2004 9:42:22 PM
From: Knighty Tin  Respond to of 116555
 
Steve, The hard-working loyal son always looks pretty stupid when the prodigal son comes home and gets another half the inheritance even after he spent his half. The Depression tells a different story and the conservative did much better than the profligate. I'm not saying the govt. won't try to bail them out, but you can't bail out 100 million people.