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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 (20960)10/29/2004 10:32:11 AM
From: russwinter  Respond to of 110194
 
<consumers have less money to spend on other goods.>

You know I've predicted this outcome about as well as anybody. See "Train Wreck coming in food and energy", written in Feb.
financialsense.com

They just borrow it, and the CBs print the money to allow it.




To: mishedlo who wrote (20960)10/29/2004 11:00:39 AM
From: Jim Willie CB  Respond to of 110194
 
economist on CNBC today was very confused
he said bonds are rallying because higher oil prices slow the economy
then he said all the higher oil prices are potentially inflationary

damn, these guys are dumb
higher energy costs represent a tax, slow the economy

with China present on the global village stage, "cost push" is non-existent and will remain non-existent until the trade war comes

the trade war will close the borders, and thus permit the cost push to foster higher domestic prices

we continue to import Asian deflation
their overproduction and excessive capacity results in heavy imports and no pricing power

these economists are so inept
/ jim