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

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To: russwinter who wrote (8935)2/28/2004 7:52:37 PM
From: mishedlo  Read Replies (1) of 110194
 
Would be their excuse to make the initial rate hike March 16 to teach "long everything" speculators some manners. Then Greenspan could announce that deflation has been licked, that jobs are getting on track, do a little "I'm ballsy" end zone dance, announce his retirement, ride off into the sunset, right as the train wreck really gets rolling. The rate increase might delay the train wreck just long enough for him to pack his bags in May (it'll be close, no increase and Train Wreck arrives in force in April). Don't let the door hit you on the butt on the way out, Easy, and don't forget to flush the toilet. And turn off the lights, there's an energy shortage.

You really expect the FED to pull a surprise after telling people to get variable rate loans? I think you are off your rocker. That is not the nature of this fed. We have yet see a bias change. Perhaps you see that. So far all we have seen is a change from considerable period to patient.

Finally, you think greenspan is a total idiot (and so do I) yet you choose to believe this idiot when it comes to jobs and nothing else. Tha man either has credibility or he does not. It is obvious to me, that he is attempting to jawbone consumer confidence up. Nothing more nothing less. "Jobs any time now" How freaking long have they said that?

You fail to realize that their MODELS ARE HOPELESS! You seem to understand they are hopeless on CPI and productivity yet you are placing faith in a busted model that has been predicting jobs for over a year without doing so.

This does not compute.
Every single time Greenspan burps, bond bears take it as a call for rate hikes. I think he just getting indigestion over his stupid economic analysis that says we should be producing jobs but are not.

Mish
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