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


To: GST who wrote (50906)1/23/2006 10:46:04 AM
From: John Vosilla  Read Replies (1) | Respond to of 110194
 
"The long term probability for the dollar to fall is very high -- baked directly into the current account deficit."

Does everyone here at least agree with that basic premise?

"Long term healthy growth with low inflation would require major changes in our economic direction -- but it is not impossible. It would however require leaps of faith about our ability to address major economic and political issues -- I doubt we have the collective stomach for it."

Do you really think the powers at be are as aware of this as they should be? Seems the simplistic person in me sees Bush, Greenspan, Bernake and company thinking they've won the war and are oblivious to what is going on in the real world. Sort of like a 20 something wet behind the ears mutual fund manager buying homebuilders today on the low PE<g>