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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (4326)1/3/2004 9:48:38 PM
From: mishedlo  Read Replies (3) of 110194
 
Boy do I ever disagree. Greenspan was just babbling.
The second speach calling for more disclosure and then not doing it was balbbling. The third speech talking at length about zero interest rates and the ability to still have bullets left was far more interesting.

federalreserve.gov

Amazing talk of the ability to hold interest rates at ZERO and still have ammo left if they did.

Is this a perverse hint that rates are headed lower, are they angling for more rounds of refinancings, or are they just babbling?

Mish
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