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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who started this subject2/25/2004 2:47:17 PM
From: NOW   of 116555
 
"We would go much further than this: unless Greenspan clarifies his comments, he must resign. Calling on homeowners to leverage their personal finances using short-term debt is a financial distress call. Greenspan must be desperate to get consumers to take ever more money out of their homes, to inflate home prices. He can only make such a statement if he knows short-term rates will stay low for years to come, at any cost. The "cost" will be sharply higher long-term rates and a faltering dollar."
merkinvestments.com
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