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

To: NOW who wrote (78448)	2/3/2007 10:19:33 PM
From: SouthFloridaGuy	Respond to of 110194

At least Mish has SOME logic, SOME knowledge and he can defend his views (flawed as I think they are!). I actually enjoy reading his blog from time to time as well, esp. the medical tourism article. My wife wants new boobs and lipo after child #2 - India here we come! :-) I respect that believe it or not. I'm quitting the Residential Real Estate board and coming here where there is at least some intellectual discussion. Too many crazies over there...yikes.

To: NOW who wrote (78448)	2/3/2007 11:12:34 PM
From: TimbaBear	Read Replies (2) \| Respond to of 110194

the amount of anger that Mish's views seem to generate around here is telling For me it wasn't the views but, rather, the way they were defended that got me going. Anyone can have views and it doesn't matter how radical. But respect for others and their rebuttals is just as important. Mish appeared to let his exasperation get in the way of civility. Done often enough, it foments angry retorts to even the most innocuous statements.

To: NOW who wrote (78448)	2/4/2007 12:35:39 PM
From: Tommaso	Read Replies (1) \| Respond to of 110194

I get email notices every time the St. Louis Fed issues a new number of their publications, and I look at them all. To me, it appears that the Fed is starting to monetize the debt at an accelerating rate, possibly because of a declining foreign demand for U. S. treasury bonds. As I understand it, the Fed feels obligated to help in keeping the market for these bonds liquid and to forestall a failed auction. If this continues (and how cannot it not continue?), it means a declining value for the U. S. dollar and that means, by definition, price and eventually wage inflation. Right now, the price of both oil and gold fluctuates almost perfectly as the inverse of the value of the dollar. I once knew a physicist who called economics "a firm grasp of the obvious." I never was quite sure if he meant to praise or insult economists by saying that--or just thought it was an objective description. It seems to me obvious that with a fiat currency and with a government borrowing from other countries with total irresponsibility (to pay for a pointless military occupation), we are doomed to endure at least a decade of serious inflation.