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

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To: mishedlo who wrote (3318)12/12/2003 3:37:31 PM
From: Jim Willie CB  Read Replies (3) of 110194
 
to assume Greeny remains in control of STrates is folly

in the exuberant mid 1990's, he was pulled into lowering STrates

later in the 1990's, he was pulled into raising rates

his error is in going too far, after the long end tells him to stop
in July, the long end revolted
he has not stopped
that is precisely his error

you assume he can go counter to the gold price, the USDollar trend, and the CRB index
he cannot

in the next two years, I expect widespread faith in the Fed to be destroyed
and the USDollar will succumb in the process
/ jim
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