- Joined
- 13 February 2006
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We are once again at market levels where valuations are irrelevant and momo is all.
Europe is also removing liquidity. The ECB is matching the Fed.
If China is such a basket case, why are UST yields +200bps?
Mortgage delinquencies...priced? In the same way CRE are?
GDP. Very expensive and getting more so. LOL.
jog on
duc