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


To: basho who wrote (49386)1/10/2006 8:57:56 PM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
Still, I think his constant focus on what he calls the pool of funding is a valuable reminder that underlying the extravagant financial pyramid lies a real and immutable world.

Exactly, and I will go one further.
However flawed his definition of money is, it has more predictive value than M1, M2, M3, or MZM.

In fact, the latter are almost useless especially at the turns.
Mish



To: basho who wrote (49386)1/10/2006 9:42:48 PM
From: Tommaso  Read Replies (2) | Respond to of 110194
 
>>>
Still, I think his constant focus on what he calls the pool of funding is a valuable reminder that underlying the extravagant financial pyramid lies a real and immutable world.<<

OK, I can agree with that.

Personally, I am totally debt free, with our family assets denominated in tangible things, as best I can work it out.