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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 (30272)	4/8/2005 3:54:50 PM
From: ild	Respond to of 110194

Date: Fri Apr 08 2005 15:14 trotsky (@plunging transports average) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved it seems incongruent that transportation stocks have one of their biggest recent one day declines just as crude oil prices have begun to correct. however, if one thinks it through, it can only mean one thing: both are likely going down for the same reason. the markets are beginning to suspect that global economic growth is on the verge of a sharp slowdown. now, this could be an unfounded fear...the timing of the coming slowdown can only be ascertained with hindsight after all. but one can make an educated guess here...with the whole world depending on a speculative real estate bubble blow-off in the US continuing, and thereby allowing US consumers to go ever deeper into debt to buy things they don't need with money they don't have, it is obvious that the entire 'reflation' episode is hanging by the thinnest of threads. one mustn't forget that those crucial economic variables that have identified sustainable recoveries in the past are all completely absent at the moment. the government's GDP fictions mask the fact that the economy is very fragile at its core. lacking copious monetary and fiscal stimulus, you can bid the recovery adios. in this context i almost fell off my chair reading Poole's comments today. as usual, the bureaucracy is very adept at recognizing a trend that has very likely ended a few weeks ago already. their next rate hike will without a doubt deliver the coup de grace....after that, it's all over. the various extant bubbles burst for good, and the bleak underlying economic realities will stand revealed.

To: ild who wrote (30272)	4/8/2005 4:54:35 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

where did you get that gif? Can I use it in my blog? Mish

To: ild who wrote (30272)	4/9/2005 4:38:39 AM
From: shades	Respond to of 110194

frbsf.org Printing of Currency Since October 1, 1877, all U.S. currency has been printed by the Bureau of Engraving and Printing, which started out as a six person operation using steam powered presses in the basement of the Department of Treasury. Now, 2,300 Bureau employees occupy twenty-five acres of floor space in two Washington, D.C. buildings. The Treasury also operates a satellite printing plant in Ft. Worth, Texas. Currency and stamps are designed, engraved, and printed twenty-four hours a day on thirty high speed presses. In 1990, at a cost of 2.6 cents each, over seven billion notes worth about $82 billion were produced for circulation by the Federal Reserve System. Ninety-five percent will replace unfit notes and five percent will support economic growth. At any one time, $200 million in notes may be in production. Notes produced in 2002 were the $1 note, 41% of production time; the $5 note, 19%; $10 notes, 16%; $20 note, 15%; and $100 note, 9%. No $2 or $50 notes were printed in 2002.