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

To: Elroy Jetson who wrote (27965)	3/7/2005 4:44:51 AM
From: LLCF	Read Replies (2) \| Respond to of 110194

<Yes, China's policy, of selling us exports in exchange for dubious US paper money and notes, echos the imbalances which resulted in the Great Depression.> Oh, I've heard that prediction for years! -ggg- DAK

To: Elroy Jetson who wrote (27965)	3/7/2005 10:48:01 AM
From: mishedlo	Respond to of 110194

But regardless of the motivations of the various players, it seems likely that our current era will continue to rhyme with the 1930s - if only because few seem interested in the lessons of the past. Not only are we ignoring it (now) Greenspan declared victory over it (deflation). Mish

To: Elroy Jetson who wrote (27965)	3/7/2005 11:42:12 AM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

But regardless of the motivations of the various players, it seems likely that our current era will continue to rhyme with the 1930s - if only because few seem interested in the lessons of the past. I think Greespan was very aware of the past and thus the drop of the fed funds rate from 6 to 1% in short order. It is the American public as well as the current administration that is clueless with their reckless spending and borrowing in the greatest misallocation of capital ever.