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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 (76187)12/20/2006 3:20:15 PM
From: Ncohrnt  Respond to of 110194
 
Who would have thought few years ago that oil would go up 200% , copper 400%, housing 200%, gold 100% and S&P 500 at 1450 and bond yields would stay below 5% ?

I challenge anybody to come up with any example of someone who had predicted such an outcome.

There isn't anybody, because such an outcome runs against economic theory.


...which kinda makes all this just A GREAT BIG IMPOSSIBLE WASTE OF TIME, doesn't it?!?!?!?

Pardon the manic edge to my voice, but ARRRRAAAGGHHH!!!!!

THUDTHUDTHUDTHUDTHUDTHUDTHUDTHUDTHUDTHUDTHUDTHUDTHUD

I can't win. We can't win. <sob>



To: Mike Johnston who wrote (76187)12/20/2006 4:50:00 PM
From: bart13  Read Replies (3) | Respond to of 110194
 

I challenge anybody to come up with any example of someone who had predicted such an outcome.


Part of the problem in finding them is that I think they tend to keep their mouths shut. Can you imagine the brickbats that would have been thrown at someone who actually did post that scenario a few years ago? I do know one person who did predict a number of those expected results in general.

I have a number of opinions that I just plain won't post publicly for just that reason... not that I'm some super accurate predictor, just that dealing with the frequent strong opinions and/or high emotion shown on most boards isn't worth it to me.



To: Mike Johnston who wrote (76187)12/20/2006 5:59:31 PM
From: GST  Respond to of 110194
 
<such an outcome runs against economic theory> Well, not really. It runs against economic theory that looks only at one country at a time. None of the developments you mentioned happened primarily due to events in the US. What these developments show is that it is pointless to approach the US without a strong awareness of our interdependence with the global economy.