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


To: Crimson Ghost who wrote (79021)2/15/2007 3:40:09 PM
From: John Vosilla  Respond to of 110194
 
great post....we had our moments when it was possible during the RTC days and again in the NASDAQ meltdown and 9/11 period..

today we need a rapid move up in interest rates to make a debt cleansing downturn via collapse of collateral value of assets even possible. Take the 10 yr treasury to 7% in a year or a much slower move to 10% in 3-5 years and then we can have what Mish believes is unfolding..



To: Crimson Ghost who wrote (79021)2/15/2007 3:57:10 PM
From: GST  Read Replies (2) | Respond to of 110194
 
You can't have deflation with a 1 trillion dollar current account deficit.