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

To: Claude Cormier who wrote (53582)	2/12/2006 1:57:55 PM
From: russwinter	Read Replies (2) \| Respond to of 110194

I think the printing press is the most overrated trade on the planet right now. Think everybody just assumes Ben will use it aggressively right away or at the first sign of trouble, and to specifically inflate whatever Bubble they are playing. He may in time, but it may not matter, or be able to shore up deflating Bubbles. The out of whack Ponzi scheme economics of most Bubbles will pop them regardless of printing. Plus printing doesn't go where they want it, it's a destructive policy. "The truth is that liquidity, the only significant weapon remaining in the central bank's arsenal as decision making moves to the markets, will not necessarily go where you want it to go when you need it to go there." --Martin Meyer in The Fed a ‘Ponzi’ finance unit must increase its outstanding debt in order to meet its financial obligations.” --Hyman Minsky