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

To: John Vosilla who wrote (24957)	1/19/2005 12:33:32 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

We are in the eighth inning, and another 25 bps increase in the "set to" LIBOR and CMT rates (links to this are now in lab tools above) will be the ninth inning tipping point to a Bust. The only question is can they call the game because of rain, and somehow resurrect believable lower rates. The only way to do that though is debt monetization and getting Asian suckers to do more than just support the agency market. Jees, look how tiny those agency spreads are already, Asians central banks! gcm.com There will be no private buyers, repeat after me, and Mish and Heinz should write that on the chalk board a hundred times. Scams and Ponzi schemes like this are very difficult operations, but that's why I call them them friggin' Wizards, as they have both the Big Lies and the printing press, and the cognoscenti still sort of believe.