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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: jimmg who wrote (63192)	2/1/2007 3:33:27 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 116555

Yep. All Economic Doubts "Dispelled" washingtonpost.com The [GDP] report from the Commerce Department ... dispelled any lingering doubts about the momentum of the economy going into this year. ... gone are the recession worries of last summer. "Nothing, other than an external shock, will derail the economy this year," said Eugenio J. Alemán, senior economist at Wells Fargo. "The economy's in good shape." No doubts. Everyone is bullish except a few people on SI.

To: jimmg who wrote (63192)	2/1/2007 4:12:00 PM
From: Mike Johnston	Read Replies (1) \| Respond to of 116555

There is only one reason the market is going up and that is very high money supply growth around the world, 15 % on average. The market has to increase 10-15% just not to decline in real terms. All the Central Banks are printing money, all this money is funneled into bonds. Bank of Thailand wanted to stop the printing and they were forced to back down, nobody wants to rock the boat. Without this money, interest rates would be several percentage points higher while housing market would be really on the ropes. Do you think that with bond rates at 7% or 8% J6P would be spending like crazy ? No, he would be shaking in his boots worrying if he can make the next mortgage payment. If i had a printing press, i could go in into the poorest neighborhood and create an illusion of prosperity and wealth in an instant.