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

To: NOW who wrote (12319)	9/27/2004 2:30:58 PM
From: russwinter	Respond to of 116555

<engineered> The drivers of this are Asian central banks trying to prevent a USD collapse. This in turn kicks in the convexity trade and short covering. So I don't know if I'd call it engineered, but if not that, some coincidence, huh? I do agree that the outcome for the economy (as commonly defined) will be muted. However, the impact on more maladjustment (including another round of inflation) will be profound. I see sub 4% ten year T's as highly inflationary, especailly in the maladjusted sectors. That's why you are now seeing the CRB spiking higher, seems to be unfolding fast right now.