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

To: Crimson Ghost who wrote (27443)	2/28/2005 9:10:17 PM
From: mishedlo	Read Replies (3) \| Respond to of 110194

Again I disagree on deflation. A downturn in housing and a recession would trash the buck which would be anything but deflationary in a CPI sense. You are speculating that a downturn in housing and a recession would trash the buck. I disagree. For example: what happens to the YEN if we no longer buy their stuff? What happens if there is a global recession? I do not think any of us knows for sure, but I doubt that universal sentiment against treasuries gets rewarded over the long haul. Mish