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

To: glenn_a who wrote (90641)	1/20/2008 1:56:26 PM
From: zebra4o1	Read Replies (1) \| Respond to of 110194

Have to agree with you that Coxe was late to the game on the credit crunch. Russ' blog said it all: 'Many will point the right way once the wheel is broken'. And I still think people don't get the seriousness of the situation. When you reach the Minsky Moment after 20+ years of credit expansion, you don't just bounce right back in 3 months. This is not business as usual. Not your run of the mill bear market. Every bear is waiting for a bounce to put on some shorts. Starting to wonder if we won't get a bounce any time soon. All the charts seems distorted so that what should be bounces are instead just pauses on the way down.

To: glenn_a who wrote (90641)	1/20/2008 4:06:42 PM
From: GST	Respond to of 110194

The global economy is the correct context to evaluate our situation -- fail to do that and you come to meaningless conclusions. Even the firms we think of as most closely tied to the US economy no longer are predominantly American. Even GM for heavens sake -- GM -- sells 75% of its vehicles outside the US -- and GM has not relied on making money selling cars in the US for the last 25 years. China has the highest margins for GM cars.