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

To: Knighty Tin who wrote (22265)	11/22/2004 11:13:50 AM
From: ild	Read Replies (2) \| Respond to of 110194

"When measured in dollars, the DJIA has risen 4.4% since year-end 2001. When measured in euros, however, the DJIA is down 30%. Foreigners are financing more than 5% of our annual deficits at a cost of $1.8 billion per day. Should they tire of doing so, that burden will fall back on Americans and we will be force to either 1) finance it ourselves, 2) reduce consumption, or 3) create more inflation. I doubt any of these alternatives will be secularly bullish for U.S financial markets." Jeff Saut of Raymond James