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


To: Nibbler who wrote (76886)12/31/2006 2:04:56 PM
From: Tommaso  Respond to of 110194
 
"its posts like this that hijack the theme "

No, not that one.



To: Nibbler who wrote (76886)1/1/2007 9:06:52 AM
From: GST  Read Replies (1) | Respond to of 110194
 
Bond yields are the rent you pay to borrow dollars. Americans rent dollars from outside the US. That is in large part what the bond bubble is all about. The bond bubble is a global phenomenon. I am seriously interested in this. If, as some do, you take the bond bubble out of its global context, then you come to completely grossly misleading conclusions. I point this out when I see posts that have not even begun to put the bond bubble in a global context. When I do this effectively it makes a contribution because it is all too easy to think the bond bubble is a purely domestic US affair -- it is anything but that.