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


To: Rarebird who wrote (96005)8/3/2008 10:09:15 AM
From: Robin Plunder  Respond to of 110194
 
"<<However, it's mostly cover for the ongoing looting of the Federal Reserve, and if the housing downturn continues (who can afford these prices??) then the DEBT will go up as money is handed to whomever the corporate beneficiaries are>>

At some point, there is going to be a very sudden, strong change in feeling toward this tremendous increase in debt, across the rest of the world, a feeling of incredible disgust by the global financial community. When that day comes, the Treasury will find that there will be very few if any foreign buyers for its paper."

seems like we could hit this point in a heartbeat, at any time...just like the debt crisis erupted in a moment last summer, and credit markets just ceased functioning...it does not matter until it matters, but could be like turning off a light switch when it finally does matter.

Robin