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

To: andiron who wrote (74224)	11/17/2006 2:24:57 AM
From: John Vosilla	Respond to of 110194

We seem to have synchronized global attempts at currency debasement and credit creation keeping currencies in line even with the imbalances of the USA. Just today I heard in Mexico credit is up 80% YOY and that Ireland has it's strongest economy ever and is trying to recruit American college grads to fill job openings.. Cnindia and Japan continue to accept below market rates to fund our deficits because the benefit to their economy far outways any losses as long as status quo remains and neither dollar implosion or a rapid rise in rates disrupts the apple card. This all makes folks like Mish expecting a depression type scenario or serious downturn even more preposterous.. Take the 10 yr treasury to 8% or 9% in short order and then everything he outlined for the coming five year recessionary funk comes true.. yes bonds, stocks, coastal real estate would crash in a major way and it would be much worse than 73-74' or 80-81'....