Saturday, October 24, 2009

"Credit Dislocation" Coming Up?

Well, this is an interesting speculation.

I have reason to suspect that the "monetary transmission mechanism" is full of rocks (again), and we are about to have another instance of what could colloquially be called "fun." (Yes, that's sarcasm.)

Denninger then goes through a small list of straws-in-the-wind which form the basis for his speculation.

One item of interest:

If you want to speculate on this outcome levered bets on radical dollar appreciation look like one of the best choices out there...

....which happens to coincide with the projection of the Elliott Wave people.

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