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

To: GST who wrote (78489)	2/5/2007 11:07:59 AM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

I baffles me how monetization of the debt during the 70's even with our trade surplus resulted in a quicker and steeper increase in reported inflation as well as long term treasuries than has happened this cycle. About the only explanation I can think of is our gov't hides the true inflation and the rest of the world didn't follow our lead and monetize to the same extend back then as they are doing this cycle?

To: GST who wrote (78489)	2/5/2007 11:25:20 AM
From: Tommaso	Read Replies (2) \| Respond to of 110194

Most administrations manage to accomplish at least a few good things, or at least try to resist bad things. Is there anything whatever that we can praise that Bush has done or has tried to do? With Nixon, we did have his diplomatic overtures with China that did a lot to reduce the likelihood of conflict in Asia. Lyndon Johnson was sincerely concerned to improve the conditions of the poorest Americans. The only thing good I can think of about Bush is that he has not tried as hard as he might to suppress criticism of his administration or intimidate those who criticize him. I guess for maybe 15% of the public, it's wonderful to have a president who is not having sex with a White House intern and who appears to be an average family man. For maybe 30% of the public, it's wonderful to have someone who seems pugnaciously pro-American and contemptuous of the United Nations. I guess what maybe 25% of Americans want in a president is a Sunday School teacher who packs a gun. Your predictions for the economy probably sound grim, negative, and excessively pessimistic to a lot of people. To me, they sound like an accurate assessment of what the Bush administration has made inevitable.

To: GST who wrote (78489)	2/6/2007 8:15:56 AM
From: Mike Johnston	Read Replies (1) \| Respond to of 110194

So far the dollar devaluation has been very good in the eyes of the average J6P. Economic data has been very good on a nominal basis, housing prices have risen, stock market is up, wages have risen on a nominal basis, interest rates are still low, what is there to complain about ? But underneath the surface, standard of living is going down for all, but the highly skilled, who can compete on a global basis. And of course savers will not survive this whole thing with their net worth intact, unless they get out of the dollar. One more point, the dollar would already be much lower against major currencies if not for the fact that those currencies are being devalued as well.