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

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To: ChrisJP who wrote (3864)	12/25/2003 1:17:12 PM
From: ild	Read Replies (1) of 110194

Greenspan is pursuing a very risky policy. He creates financial bubbles hoping that all of them will eventually deflate without major dislocations. This is pure gamble. With each bubble he's taking a bigger and bigger risk. Well he's quite old and may want to take this risk, but taking that risk is not justified for US citizens. If printing more money was a panacea then Argentina would be the richest country. Please read about bubbles Jun 20, 2003 Global: Endless Bubbles Stephen Roach (New York) morganstanley.com

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