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

To: yard_man who wrote (86222)	9/13/2007 11:11:04 AM
From: John Vosilla	Respond to of 110194

'..maybe we could do an Argentina -- I've said for the longest time -- NO WAY. But I don't know and neither do you -- I certainly wouldn't look for guidance as to what the markets are going to do by analyzing the statement of public officials -- least likely place to find useful information' Exactly. We don't know. Sure looks more and more like continued debasement of our currency as the end game. Keep rates so low and if everybody else globally monetizes to keep the dollar from dropping much more isn't a recipe for any global crash with PE's yielding 6.5% and the ten year at only 4.4%.. We need much higher rates on the long end. An inverted yield curve really hurts financials profits which make up 1/3rd of total profits.