Freddy finds it difficult to understnd that bond rates went up .......

Posted by denc on 27/August/2003 at 15:39:

In Reply to: Freddy darling - remember Bob Beckman? You remind me of him..... posted by ursus on 27/August/2003 at 15:32:

because money was flowing out of bonds into equities

but he has previously stated that exchange rates have nothing to do with comparative interest rates

and that gold somehow had intrinsic value [ i was able to disabuse him of that notion eventually]

so perhaps he is a blind beggar from zog

Denc

: he came into vogue in the 1980's by perpetually forecasting a crash. the market rose and rose. then in 1987 it crashed. beckman was so famous! but the lustre faded - he's gone on prophesying doom ever since.

: the problem with your prediction of meltdown is that the rise in long yields isnt nearly so severe as to cause a switch from shares to bonds. so you must be presuming that yields will continue to rise. why?? are you a chartist?

Follow Ups:

• You are a silly billy ,denc mullbarkey, if your thesis is correct >>> ydderF 27/August/2003 at 15:43 (3)
  • yes Fred - everyone in the world will wake up one morning and decide to go ........ denc 27/August/2003 at 15:53 (2)
    • Its happened before... nm babble 27/August/2003 at 16:20 (1)
      • sell the house and short everything is my advice then nm denc 27/August/2003 at 18:04 (0)

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Comments:	: because money was flowing out of bonds into equities : but he has previously stated that exchange rates have nothing to do with comparative interest rates : and that gold somehow had intrinsic value [ i was able to disabuse him of that notion eventually] : so perhaps he is a blind beggar from zog : : Denc : : : he came into vogue in the 1980's by perpetually forecasting a crash. the market rose and rose. then in 1987 it crashed. beckman was so famous! but the lustre faded - he's gone on prophesying doom ever since. : : the problem with your prediction of meltdown is that the rise in long yields isnt nearly so severe as to cause a switch from shares to bonds. so you must be presuming that yields will continue to rise. why?? are you a chartist?

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