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


To: CalculatedRisk who wrote (30033)4/4/2005 4:23:11 PM
From: ild  Read Replies (2) | Respond to of 110194
 
<<<we will see inventories rise sharply as transaction volumes fall ... probably some time this year.>>>

This exactly what happened in August - September of last year. But by December this inventory overhang had mostly disappeared. Bubbles do last longer than most expect.