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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (69676)	9/29/2007 10:18:28 AM
From: westpacific	Respond to of 116555

Ten Year Note...... Based on that last article it will dictate market direction. Do an overlay chart of TNX to SPX and it lines up perfect. Then pull up the 3 Month T-Bill Discount Rate, run a monthly chart going back into the late 90s. Tell me what any of you see? Symbol should be IRX. Just look what happened in August! And 2001 to 2003. Look at what happened in August, you wonder why they where worried! The index went from 50 to 25 in a blink. It went from 60 to 5 from 2001 to 2003, you wonder why the bear market. We have the same setup all over again here folks.......... Based on these two charts, this rally should be about over. West

To: westpacific who wrote (69676)	9/29/2007 11:51:58 AM
From: Giordano Bruno	Respond to of 116555

Perhaps they can discount the electronic dollars in lieu of a costlier printed material.

To: westpacific who wrote (69676)	9/29/2007 6:54:25 PM
From: RJA_	Respond to of 116555

>>They can only create Electronic Money! West -- While this may be true: >>It is the beginning of a world-wide economic depression, I don't think this is a problem: >>They can only create Electronic Money! Most folks use credit cards to pay, or checks, or debit cards. I really use very little paper money. Why is it needed? $100 in a checking account inflates just as fast as $100 in paper money. M3 is about the amount of cash dollars or credit dollars chaseing the same amount of goods or services => inflation. Cash or credit. Cash or credit purchases still wind up in bank accounts, still expand the money supply via the reserve multiplier effect. No difference (except cash under the mattress does not participate in the multiplier effect and is therefore not as inflationary). If bernake can increase M3, I think that is quite enough to inflate too much... as we are seeing now. RJA