SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: russwinter who wrote (6789)2/2/2004 11:01:37 PM
From: Jim Willie CB  Read Replies (2) of 110194
 
Rome will burn, but the Fed will not be clear in noticing
they have long relied on wrong statistics
and distorted most every statistic anyway
they enjoy (nay, celebrate) the distortions

my "Ass-Backward Economics" series attempted to point out backward thought process which is leading us over the cliff
or as you like to say, toward a train wreck

no, Russ, I dont think the Fed will do the right thing
they will talk at higher rates, not impose them
we need higher rates, but doing so would kill housing, bonds, and hurt corp balance sheets via widespread swaps

I think the Fed will panic later this year or early next
they will respond to a plummeting USDollar
they will raise ST rates by 50-100 bpts
but it will not mean shit, I mean SHIT

the train has already derailed off the REAL ECONOMY track
it is already careening toward the chasm casino

our Fed used to be a student of history and economics
nowadays, he is nothing but a bank politician and market enabler
he made his choice in Jan2001 -- encourage yield speculation, build a new housing bubble, and take one giant step toward the Liquidity Trap
his talk of higher rates is just that -- TALK

I dont think the Fed will raise until it is way way too late
they have learned in the last few years that Fed Open Mouth Committee actions cost less
and sometimes bring about a kick to the coiled system
it wont mean shit, I mean SHIT

/ jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News