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


To: Mike Johnston who wrote (75014)12/8/2006 6:39:30 AM
From: westpacific  Respond to of 110194
 
Remember what Julian Robertson thinks and this guy was in the hedge fund business long ago.

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Julian Robertson, He said "I am more disturbed than I have ever been in my investment
life about what lies ahead, the American consumer has driven the world
and the American consumer is out of gas and he is also involved in a
housing bubble that puts his very dwelling at risk, and it worries me
about what lies ahead because I don't see any easy way out.

I really don't know. I think that there will be an effort made to inflate
our way out. I think that effort is being made, has been made and
that's why the dollar has weakened so much against other
currencies,..."

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Remember this was said in 2004. What has the dollar done since then. There is no doubt about what direction they will continue to go. The dollar will continue down.

West



To: Mike Johnston who wrote (75014)12/8/2006 8:55:53 AM
From: russwinter  Read Replies (1) | Respond to of 110194
 
Wonder what the cap rate is on this one, another one of those 5%, or 4% diminishing cash flow rate of return paper chases, using 7% leverage cost?

Regulators are getting out their BB guns on commercial lending excesses now.

usatoday.com