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


To: patron_anejo_por_favor who wrote (61484)5/19/2006 6:16:40 PM
From: orkrious  Read Replies (1) | Respond to of 110194
 
Date: Fri May 19 2006 16:13
trotsky (looks like) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
the short term low has finally been posted today, although there's still the issue of the stock market at large remaining panic prone. today's weak bounce in the indices hasn't taken that away i fear. it remains a very jittery market...even if it does proceed to bounce i'd remain wary of it at this stage.



To: patron_anejo_por_favor who wrote (61484)5/19/2006 11:27:41 PM
From: Jim McMannis  Respond to of 110194
 
RE"Yes...the only way to avoid them was to not let the housing bubble get started in the first place. "The only way to win is not to play....."<G/NG> This is what happens when markets are not allowed to clear. Recessions are a necessary part of economics, but the cowards in charge of the Fed and the government have no stomach for them (since Volker left, anyways....)"

Yeppp



To: patron_anejo_por_favor who wrote (61484)5/20/2006 12:08:30 PM
From: David Zgodzinski  Read Replies (2) | Respond to of 110194
 
"The first loss is the best loss" but it's just as hard for the Fed to take it, as it is for anyone who sees a position start to go against them.

They're only human. And Volker had the benefit of coming in after an extended bout of inflation - it was obvious that they had to do something.

Maybe things haven't been quite as obvious lately. More of a conundrum <g>