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

To: GST who wrote (71700)	10/11/2006 11:16:00 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

GST - When will you have the balls to answer a simple question. I am asking you for the 7th time now when will you have the guts to step up to the plate and tell the Epic American Credit and Bond Bubble board what your basket of goods and services is? Quite frankly you have proven beyond a shadow of a doubt what a wimp you are. Always insisting others answer your questions, questions that were in fact answered many time yet you refuse to answer the only real question set of questions I have ever asked you. GST for the 7th time What is your basket of goods and services that we are to measure inflation by? Is it commodities only, does it include stocks and if so how? If not why not? How do you account for REAL vs artificial quality improvements vs hedonics? How do you account for new products such as double pane argon gas filled windows that are now common place but you could not get at any price not that long ago. Are you going to continue to be a wimp or are you going to define your basket of goods and services? Unless and until you cease being a wimp, I really have no more to say to you because frankly you are a huge waste of time. Mish

To: GST who wrote (71700)	10/12/2006 1:25:11 AM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

'..out of the blue and in the midst of a painful recession (brought on by a housing crunch and consumer debt crisis) we will suddenly have a high savings rate is pure unsubstantiated fantasy' Our entire banking system was insolvent during 1989-94. We had a painful housing crunch, commercial real estate nationwide dropped an average of 60-70%, the stock market crash of the half century, the beginnings of a decade long downward spiral by the Japanese economy and very tight monetary policy until about 1992-93. Yet inflation remained during that time, the economy was weak, deficits large and savings low till the late 1990's when we finally had our goldilocks strong economy with low inflation and no deficits .. One prior post here recently made a feeble attempt at explaining it by saying we were saved from deflation by the tech and housing bubbles way down the road. The fact is we had moderate to low inflation before and during time the real economy took off.. It was post 9/11 and the reckless spending and borrowing policies of GWB along with 1% fed funds, the OCC and OTS looking the other way on toxic loans for way too long and bringing democracy and US consumerism to Chindia like never before in unison that created this recent inflationary pressure..