tag:blogger.com,1999:blog-18079728.post117043378560547972..comments2023-11-02T07:30:03.967-07:00Comments on Cassandra Does Tokyo: Five Things Hoarding USD Reserves Is NOT Responsible For (And Twelve Things For Which It Is)"Cassandra"http://www.blogger.com/profile/17412381249313151515noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-18079728.post-1170871819245407752007-02-07T10:10:00.000-08:002007-02-07T10:10:00.000-08:00I think that there are numerous scenarios – like t...I think that there are numerous scenarios – like the one you paint – that could derail it. It just that they are all, while not improbably, less probably than forecasting out the continuation of the status quo. But as much as I detest the leveraged carry-traders and the anti-social parasitism that they represent, they probably have the correct trade on to profit from the status quo, for the time "Cassandra"https://www.blogger.com/profile/17412381249313151515noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-1170834616519718332007-02-06T23:50:00.000-08:002007-02-06T23:50:00.000-08:00In fact I can imagine one scenario which brings th...In fact I can imagine one scenario which brings the current lunacy to an end -- a sequence of events like:<BR/><BR/>1. Housing inventory glut combines with after-effects of lax lending to send home prices back to year-2000 levels, wiping out most of American home equity and the myth that real estate always goes up (still have vivid memory of young Japanese couple telling me back circa 1998 they Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-1170832392167979052007-02-06T23:13:00.000-08:002007-02-06T23:13:00.000-08:00Back in the late '80s and early '90s when I used t...Back in the late '80s and early '90s when I used to attend Chicago Japan-American Society meetings, the several times they had an economist or financial type speaking I'd get up and opine that the only way the trade deficit with Japan could continue was if the Japanese continually loaned us back an equal amount, and asked whether they agreed with this and how long they thought we could continue Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-1170773565692056402007-02-06T06:52:00.000-08:002007-02-06T06:52:00.000-08:00Thank you TMC....but surely you exaggerate: Have y...Thank you TMC....but surely you exaggerate: Have you ever <I>seen</I> Marc Faber's ponytail?? And the Honus Wagner card really <I>did</I> change hands at $1,500,000!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-1170770025420746402007-02-06T05:53:00.000-08:002007-02-06T05:53:00.000-08:00your comments are always over-the-top, and enjoyab...your comments are always over-the-top, and enjoyable.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-1170741641969717202007-02-05T22:00:00.000-08:002007-02-05T22:00:00.000-08:00I guess you ordered them in increasing honor dubio...I guess you ordered them in increasing honor dubiosity, right?Anonymousnoreply@blogger.com