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

To: SouthFloridaGuy who wrote (75179)	12/10/2006 11:21:09 AM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

He he'll tell you he is right cause long term bond prices are up in recent years and since we are in a deflationary world he is winning. You can't teach an inflexible old dog new tricks. Open minded as I am we have serious problems and the big risk is much higher interest rates down the road causing a collapse in asset values as a result. A far different scenario and outcome than his where very low rates support asset values that are inflated thus making him and others with that mindset the ultimate bubbleheads in this 25 year run in long term bonds. Till JP Morgan, Citicorp, Wells Fargo and Bank America also go down for the count and credit conditions tighten to how they were 12-15 years ago the doom and gloomers an increase in the purchasing power of their dollar and who probably have never seen an opportunity in their adult life will continue to be wrong...

To: SouthFloridaGuy who wrote (75179)	12/10/2006 12:57:28 PM
From: mishedlo	Read Replies (2) \| Respond to of 110194

Once again you put attempt to put words in my mouth I never said. Globalization is a GOOD thing. It lowers prices and increases competition and productivity. Those are good things. Both globalization and productivity gains masked the inflationary expansion of money in the 90's by the Greenspan Fed. That is the correct way of looking at things and masked is indeed the correct word, which is something I have been saying for a long time. Once again those are simple economic facts. I am in favor of globalization and you can not find a single time I have ever said otherwise. But I am not in favor of reckless increases in money supply and credit. As hard as it may be for you, I suggest you understand my position instead of spreading lies about it. Mish