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

To: Wyätt Gwyön who wrote (13118)	10/8/2004 10:23:12 AM
From: mishedlo	Read Replies (2) \| Respond to of 116555

I have explained my reasons here dozens of times and so have people like Heinz (indirectly from posts gathered from Kitco - thanks to ILD and ORK). You either understand or believe those arguments or you do not. Of recent note was Don Coxe from BMO and he reveresed his position entirely and is recommending the long bond. That was a dramatic shift. Bottom line: if all this stimulus could produce is negative jobs, negative wages, and very few prices passed on, what happens when housing slows. The destruction of all this reckless accumulation of all this debt will be deflationary. It will not be inflated away. Mish