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


To: Wyätt Gwyön who wrote (22937)12/6/2004 11:58:10 AM
From: russwinter  Respond to of 110194
 
Selling? Gee, just passing on a few auctions would be a nice start, and probably enough to start getting rates headed in the right direction to force US fiscal and monetary regime change. But they don't really even do that. Boy, these guys talk a lot and for how much longer, obviously some relentless pressure being put on the US.



To: Wyätt Gwyön who wrote (22937)12/6/2004 1:55:44 PM
From: Knighty Tin  Respond to of 110194
 
I dare them to make my yen holdings go up. <G>



To: Wyätt Gwyön who wrote (22937)12/6/2004 2:14:38 PM
From: Kailash  Read Replies (1) | Respond to of 110194
 
"The criticism of President Bush's inaction, by a senior member of the ruling Liberal Democratic Party, will be taken as a veiled threat that Japan could start to sell off its multi-billion-dollar holdings of US Treasuries."

The journalists still don't get it -- it would be enough for Japan to moderate its pace of buying. The idea that the Europeans should join them in subsidizing the greenback, on the other hand, is madness -- it shows the Japanese still think the dollar can be managed by foreigners. The lesson is that as long as foreigners continue to take responsibility for the state of the dollar, the US administration will continue to take advantage of it.

K



To: Wyätt Gwyön who wrote (22937)12/6/2004 11:58:11 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 110194
 
"When Complex Systems Fail" by JWCB
some good stuff
/ jim

321gold.com
(a clip)
Sometimes, unfortunately, a complex system fails. Despite the best efforts to keep an evolving system together through coordinated management, and attempts to provide fail safe mechanisms along its evolutionary path, the system can weaken, degrade, and fail. Due to its enormity and multi-faceted nature, changes occur slowly and are perceived to evolve in an orderly manner. A strange public trust is instilled along the pathogenesis of breakdown, but official statements, encouragement, and assurance of constant tweaks to controls put aside public concern. The consequential impact from the potential failure can be beyond measure. Hyperbolic words such as "enormous" or "magnificent" or "staggering" really fall short in their description of the fallout damage. Experience through past crises, and reactions to them, tend to render the system more fragile and weakened, not more secure and efficient. It becomes more subject to stagnation and a pathetic state of near breakdown, which ironically comes to be accepted as the "normal" situation. Successive crises have indeed worsened over time. A worthwhile exercise might be to review a clinical treatise on the nature and evaluation of systemic failure.