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

To: bart13 who wrote (91203)	2/4/2008 12:48:13 PM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

<< "A financial tsunami is upon us," he says, caused by lax credit and complications introduced by Wall Street's derivatives craze. Among other interesting ideas raised by Schultz in his intense, somewhat terrifying introduction: recession, possibly depression; bank failures; exchange controls; housing prices down by 50%; credit card company failures; money market fund dangers; tripling of U.S. jobless numbers; federal bail-outs for Fannie Mae (FNM) and Freddie Mac (FRE).... ...On gold, he writes: "The public is still not in the gold market. They will be in 2008 as the derivatives and credit crises bring down more financial institutions (amid recession) and eyes will be opened, via pain. While Rome burns, gold will smash through its old unadjusted-for-inflation $850 high on the way to $1,600, & who knows how far beyond >> custom.marketwatch.com Well Bart all this has happened to some extent except the jobless numbers.. Interesting I did a search on the Yahoo message boards for him and very little discussion about him there yet..a great contrarian indicator if there ever was one<g>