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To: dougSF30 who wrote (201890)6/13/2006 11:38:11 AM
From: MagratheaRead Replies (1) | Respond to of 275872
 
Inflation worries? That is far from the whole story.

Long term interest rates have hardly moved and the yield curve is flat.
Gold has taken as big a hit as everything else.
The US$ is up against other currencies in the past month.
Heck, even the energy index XLE is down about as much as the XLK (technology) since May 10.

Those are unusual reactions to a 'US debt-bomb inflation' scenario.

I still think a derivative bomb is a likely near term event.

-Magrathea