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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Ramsey Su who wrote (33416)	5/28/2005 12:14:02 AM
From: mishedlo	Read Replies (1) of 110194

Ferguson was not only suggesting that we have a bubble, he is pointing to a global bubble. Furthermore, he is admitting that the Fed pretty much created the bubble? Apart from such outcomes, policymakers might also take special interest in asset price movements because it has been alleged that badly designed or poorly implemented policy (even if well intended) sometimes has helped feed unsustainable movements in asset prices. Clearly he is not on the running for next FED chairman Mish

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