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

To: NOW who wrote (96658)	8/26/2008 10:14:03 AM
From: GST	Respond to of 110194

Tooearly -- The dollar has been falling for years now. Inflation has been getting worse by the year. And inflation has indeed become much worse even as the economy has slowed down. The Fed does not control interest rates -- witness its inability to bring down long rates. The Fed can make things worse -- and it looks like that will be their ultimate contribution -- by preventing markets from functioning. What markets would have done with the financial crisis is wiped out a lot of financial institutions that had accumulated worthless paper on their books. Instead, that worthless paper is now on the books of the Fed and on the books of our hapless government. The failures will still come -- and in some ways they will be worse. We are in a protracted slowdown with high inflation -- stagflation. As for investments I have been focused on areas that have served well. My largest single stock position is STP -- a position I accumulated in recent weeks. I don't mind if you make money or not -- but I do mind when people talk nonsense. It is nonsense to say we are, today, in a deflationary period in the US when quite the opposite is true. And finally -- you should consider a name change -- perhaps tooshrill?