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

To: ggersh who wrote (104272)	8/4/2009 7:19:02 PM
From: TH	1 Recommendation Read Replies (4) \| Respond to of 110194

ggersh, I read it earlier today. It is worth study. The major theme is one that I've been interested in. Ben's magic tricks and the amazing left pocket unlimited checkbook with a zero balance and all the things it can buy. In the end, it will not work, for reappointment or not, treasuries are the burg and equities the tip. This game cannot continue forever. And the danger is the snowball, aka, a real dollar crisis. I believe there is much more going on and I'll accept that it is at least possible that Ben is bidding somehow indirectly for treasuries. As I've said before, Ben's path is the wrong path. The true path of recovery would have been to let yields drop based on expression of the true reality of the situation. Then the crap is cleared out, housing finds a real bottom, and recovery is based on sustainable fundamentals. Political objectives win, of course, and now the fall will be steeper, harder, and exponentially more devastating. It is so stupid it almost makes me want to believe that someone wants it that way, but I've never been able to resolve what the real gain of such ploys could be, except to enslave a nation and invite tremendous social chaos. That is my take, and I'm often wrong. GT TH