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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: russwinter who wrote (10906)3/28/2004 1:39:32 PM
From: mishedlo  Read Replies (2) of 110194
 
But moving rates higher now is not something Easy Al is going to do. Mr. Market will deal with the chairman and the economy in his own sweet time. Regrettably, that process will involve a tremendous amount of pain, thanks to the wanton recklessness of the Fed.

That is the key paragraph.
Greenspan was reckless and it is too late to fix it. The market will deal with it in its own sweet time.

Mish
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