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To: MythMan who wrote (334318)	4/25/2007 7:52:11 PM
From: Real Man	Read Replies (1) \| Respond to of 436258

WS is bigger than China, Japan, India, etc. combined -g- "Reporting last month, Goldman Sachs, Lehman Brothers, Morgan Stanley, and Bear Stearns posted combined (fiscal) first quarter asset growth of an astounding $239bn, or 34% annualized, to surpass $3.0 TN." prudentbear.com

To: MythMan who wrote (334318)	4/25/2007 8:39:41 PM
From: Terry Maloney	Respond to of 436258

<<given all the Fed activity, are we about ready to attack Iran? >> Another good question. Got gold shorts? <g>

To: MythMan who wrote (334318)	4/26/2007 4:06:03 AM
From: Real Man	Read Replies (1) \| Respond to of 436258

I hope not, and we get out of Iraq. The BK will start to happen before shrub is out, probably later this year. Stocks smell Fed cut, that will happen. It will be the final straw that breaks the camel's back. That, and China/Japan/Europe raising rates again. For now, gaming and tooling will go on. Dollar is the Achilles heel of it. 1929 was different - we had 3% T-bond yield back then. Now it will be 10% or more. All assets will crash, including treasuries. Gold will rocket higher. Right now lower dollar leads to increased foreign buying of treasuries and agencies. That happened in the past 4 years, but it will change soon. Once this does change, BK will be next. They can't continue this forever, because of interest payments to foreigners. By the way, increased coupon passes could signal just that - foreigners are not buying treasuries as much lately, so the Fed has to buy them with printed money. They did pile into agencies, though.