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

To: jimmg who wrote (70104)	9/22/2006 2:23:53 PM
From: Crimson Ghost	Read Replies (2) \| Respond to of 110194

So the CBs can continue printing like mad with no inflationary consequences because many Americans are living hand to mouth? A bully wet dream? But the top 30% who CAN hedge by your estimation account for a much bigger proportion of national income and wealth than the bottom 70% who cannot. And the recent drop in long rates will only encourage this speculation.

To: jimmg who wrote (70104)	9/22/2006 2:43:49 PM
From: Mike Johnston	Respond to of 110194

Long term treasuries are speaking right now. Is anyone listening? In this age of central bank distortions, bond market prices are no longer informative. I would not draw any conclusions from the behavior of treasuries. It could be we are entering a depression or maybe the Fed has began to peg rates in order to save the housing market, in concert with government agencies issuing totally bogus inflation reports. The bond market cannot be allowed to go down, the fate of this country depends on low rates. I still expect high inflation for years to come.