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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Elroy Jetson who wrote (26041)12/16/2004 6:59:59 AM
From: Mike JohnstonRespond to of 306849
 
LOL, its hilarious.

There is one thing wrong though with that "CNBC screen".
10 year yield is shown as 4.24. You might want to change that to 11.24 or something like this.
At some point "flight to safety" will not be into worthless Treasuries but into gold and Bunds.

And there might be a quote at the bottom:" FNM 1000s 18.67 -37.58 "
It also would be fun if the woman on the screen was shouting "The FED will provide liquidity"



To: Elroy Jetson who wrote (26041)12/16/2004 7:18:23 AM
From: Mike JohnstonRead Replies (2) | Respond to of 306849
 
At some point the FED will be powerless. Because the dollar will not be accepted as the medium of exchange. It already is not accepted as a store of value.

So the FED will print, but it will amount to nothing, the freshly printed paper will be worthless.
By definition, something that is free (helicopter money, liquidity, home loan at 2%), must be worthless.
The FED cannot print gold, oil, euro or chinese renminbi.