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


To: ild who wrote (30165)4/6/2005 3:41:22 PM
From: ild  Read Replies (1) | Respond to of 110194
 
Date: Wed Apr 06 2005 15:06
trotsky (Goose) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
"Fortunately the U. S. economy is going great guns .."

it is doing so mainly for two reasons: 1. falsified statistics, that paint a picture far removed from reality and 2. it's in the grip of the greatest credit and overconsumption bubble in mankind's history.

how 'fortunate' this state of affairs is is a matter of perspective. it SEEMS fortunate NOW, while the bubble is still expanding. it is unknowable how and when exactly it will end, but what is knowable is 1. it WILL end and 2. the end won't be pretty ( this is probably an understatement ) .



To: ild who wrote (30165)4/6/2005 3:51:20 PM
From: Logain Ablar  Read Replies (1) | Respond to of 110194
 
ild:

The AIG pnf chart had support was @ $55 so I don't see it going back above $55 unless there is a quick spike to burn the shorts. Its just having a dead cat bounce after Spitzer indicated the civil case will wrap up with the undertone there won't be a criminal case.

JMO but I would expect more bad news on the AIG front.

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