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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (25506)	12/13/2009 4:27:25 PM
From: TRINDY	Read Replies (2) \| Respond to of 71455

Greetings, Skeeter, and thanks for your response. I was trying to figure out in this discussion of a looming credit crisis just whether the discussants were talking about declining bond prices or declining yields. TBT is a double-short on bond prices. For it to rise in value, bond prices would have to fall dramatically and yields would have to rise. I take it from your message that you anticipate that TBT would be "pounded hard," and, therefore, bond prices would rise substantially and yields would fall. Am I reading you correctly? TBT got pounded hard during the October-November 2008 initial credit crisis. Incidentally, Lacy Hunt, an economist I respect, is of the opinion that bonds are a good place to be even at these levels, owing to his belief that yields will continue to fall. Obviously, he is not of the opinion that anything resembling a V-shaped recovery is in the offing. I would certainly be interested in hearing more about this impending credit crisis, its manifestations and implications. Thanks.