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

To: rolatzi who wrote (79141)	2/20/2007 1:44:34 AM
From: Perspective	Read Replies (1) \| Respond to of 110194

I'm intrigued by historical parallel - was there a similar seminal Olympic event that marked the American ascendancy of the 1920s? BC

To: rolatzi who wrote (79141)	2/20/2007 12:52:59 PM
From: benwood	Respond to of 110194

I think I would phrase that differently: The Chinese will try whatever they can to prevent a market blow off. But historically, interventions are designed to prevent a collapse and end up causing a bigger bust and uncontrollable fallout. But of course they'll do what they can to minimize the damage (and therefore will increase the damage). And maybe they will create a much bigger bust post-Olympics and therefore consider their intervention a success. That's not at all like our own Fed, is it? <ggg>