Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Jim Willie CB who wrote (3965)	4/8/2004 5:27:42 PM
From: mishedlo	Read Replies (3) of 116555

because no alternative solution makes any sense either If no alternative looks any good, then the best thing to do is nothing IMO. Quite simply it is too late to do anything about the problem and huge spikes in interst rates would kill housing and a zillion trade jobs that go with it. Those are the ONLY good jobs we have outside of healthcare. The BEST solution is out of the FED's control. 1) reign in FNM 2) reign in govt spending 3) stop wasting money in this stupid war That is what really needs to be done - NOT raising interest rates. Quite literally 1/2 point would cause an instant SEVERE recession and possibly depression. 2 points or back to back 3/4 points as someone here suggested would do the same thing. Starting a depression to cure commodity inflation (most of which is not even being passed on) is quite literally assinine at this stage. Mish

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