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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (37050)	9/13/2005 7:38:42 PM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 116555

Mish, the conspiracy theorist in me believes that the Asians and all will never dump our bonds. To do so would imply a huge loss on their "investment" and it will halt their industrialization. By continuing to finance us, they finance our credit addiction, make monetary policy impotent and eventually catalyze a debt liquidation/Depression. However, as we know, there is a theoretical breakpoint as to how much debt one can have regardless of the interest rate so credit based expansion in our country is probably close to up. The Asians are therefore betting on a US Dollar appreciation once the debt liquidtation begins. We're probably not there yet, but we sure are close. "Hence to fight and conquer in all your battles is not supreme excellence; supreme excellence consists in breaking the enemy's resistance without fighting." - Sun Tzu

To: mishedlo who wrote (37050)	9/13/2005 8:16:39 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 116555

End game for the credit insurers? Talk about a hand-to-mouth existence! news.yahoo.com In a day of reckoning across battered New Orleans, the owners of a nursing home were charged in the deaths of dozens of patients killed by Hurricane Katrina's floodwaters, the death toll in Louisiana jumped to 423, and the mayor warned that the city is broke, unable to make its next payroll. Mayor C. Ray Nagin said the city was working "feverishly" with banking and federal officials to secure lines of credit through the end of the year. Amid the discouraging news, there were also clear signs of progress on many fronts: The New Orleans airport reopened to commercial flights, the port resumed operations, and the mayor said dry sections of the ravaged city — including the French Quarter and the central business district — could be reopened during the daytime as early as Monday, provided the Environmental Protection Agency finds the air and water are safe.

To: mishedlo who wrote (37050)	9/13/2005 8:19:57 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 116555

US Bank Economist: Recession Imminent calculatedrisk.blogspot.com At worst, the eerie parallels with 1929 turn out to be predictive and we face a long period of difficult economic times. Ouch!