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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (19951)	10/14/2004 10:06:48 AM
From: russwinter	Read Replies (1) \| Respond to of 110194

<amazing how little reaction in the FX and stock markets> The pattern is the same everytime. The Yen in particular tries to rally, then you see the manipulation and intervention (in effect more money printing) coming out of Asia to stem it, and the bonds start to uptick (price up, yield down), and the stock markets manage to hold together, presumably because the credit bubble lives on. The trade of the decade is when all these unsustainable linkages shatter or clog up in some manner. It could happen with a Asian repeg (meaning less UD debt buying?), a financial accident (long overdue), a weak economy trumps the credit bubble (the Mish hairball choke theory), a complete loss of confidence by the cognoscenti in the Wizards (McTeer comments)and MoP lies, perhaps centering around bogus inflation numbers (the Bill Gross theory ), or some combination thereof, who knows?