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


To: Carlos Blanco who wrote (21021)10/30/2004 6:00:05 AM
From: Crimson Ghost  Respond to of 110194
 
Your views on the mispricing of treasuries are even stronger than mine.

There will be a day of reckoning to be sure. And markets that have reached extreme levels because of official manipulation have a way of moving to the opposite extreme when the "boys" finally lose control.



To: Carlos Blanco who wrote (21021)10/30/2004 9:58:32 AM
From: russwinter  Respond to of 110194
 
<keep on buying US govt bonds>

Interesting point, as in fact some of this is institutionalized. Social security is a defacto form of this, as I suppose are many pension funds. And despite the protests from key bond market commentators like Bil Gross about bogus inflation figures, many just accept the "pull out of ass" data the US government produces as Land of Oz reality. However, I maintain that the Awakening about what I've called the MoP (Ministry of Propaganda) is a key displacement influence that will cause a real bond market rout or or big P Panic.