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

To: John Vosilla who wrote (64097)	6/19/2006 1:20:50 PM
From: UncleBigs	Read Replies (3) \| Respond to of 110194

6 month T bill yields surge to 5.26%. Stock market won't like this. Arm borrowers are thoroughly screwed.

To: John Vosilla who wrote (64097)	6/19/2006 2:47:54 PM
From: Mike Johnston	Read Replies (2) \| Respond to of 110194

Back in 2001 i was convinced that already buoyant house prices would decline by 30% or more due to the collapse of the stock market bubble and $7 trillion of wealth destruction. Instead of declining 30% they have increased 200%. The lesson is this, never underestimate the power and willingness of a central bank to debase the currency. I remember back in August 2001, Doug Kass interview in Barron's predicting imminent collapse in house prices and recommendation to short homebuilders.