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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 (18100)	8/26/2004 5:35:49 PM
From: ild	Read Replies (1) \| Respond to of 110194

Paul L. Kasriel What Greenspan Should Say About Global Demographic Change northerntrust.com My suspicion is that over the next 20 years or so, the dollar will fall a lot more, U.S. interest rates will rise a lot to induce baby boomers’ offspring to save a lot, and baby boomers will be fighting each other for the greeters’ positions at Wal-Mart.

To: russwinter who wrote (18100)	8/26/2004 6:11:11 PM
From: stevenallen	Read Replies (1) \| Respond to of 110194

According to Briefing.Com: Copper prices soared on a possible strike in Peru. -g-

To: russwinter who wrote (18100)	9/19/2004 12:04:56 PM
From: Rarebird	Read Replies (1) \| Respond to of 110194

<I believe the maladjustments are caused and encouraged by excessive borrowing from hyper-low borrowing rates> Correct. More and more borrowing inherently means more and more DEBT carried by the borrower. This is where the economic unviability of any credit expansion shows up. To attempt to show or claim that credit expansions are economically normal or perhaps even "good" for an economy, one must accept an infinite height of debt. If an infinite height of debt outstanding is not acceptable, it then follows, that all episodes of credit expansion will end. When they DO end, all the businesses which started up and/or over-expanded come to realize that they have not invested wisely, they have "malinvested". They realize that all along, the expansion was underpinned by their customers' ability to borrow. When the borrowers slow down and even stop entirely, the businesses stand with acres of idle machinery.