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

To: mishedlo who wrote (20345)	10/20/2004 1:33:02 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

What the US wants? Don't exactly know, but clearly they are willing to play with fire, and in my book actions speak louder than words. I think a fairer and more pertinent question is do you think the Asians want a US Dollar Bust? Because that's what they are getting, and they hold the purse strings to the various Bubbles. I would remind you that the US goes to the world to borrow $100 billion a month now, so I'd say it's getting beyond the "wants" of any of these clowns. If CRB holds here, looks like a breakout to new highs, print some more "money" I dare ya!: ny.frb.org Reuters CRB Index 287.73 +2.32 10/20/2004 10:10 futures.tradingcharts.com USD about to take out all the lows, looking like a Crack Up Boom currency, who will want to hold it?: US Dollar Index(NYBOT) Dec 86.37 -0.56 10/20/2004 10:05 futures.tradingcharts.com But if once public opinion is convinced that the increase in the quantity of money will continue and never come to an end, and that consequently the prices of all commodities and services will not cease to rise, everybody becomes eager to buy as much as possible and to restrict his cash holding to a minimum size. For under these circumstances the regular costs incurred by holding cash are increased by the losses caused by the progressive fall in purchasing power. The advantages of holding cash must be paid for by sacrifices which are deemed unreasonably burdensome. This phenomenon was, in the great European inflations of the 'twenties, called flight into real goods (Flucht in die Sachwerte) or crack-up boom (Katastrophenhausse). -Ludwig Von Mises