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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (19204)9/30/2004 10:57:21 AM
From: KyrosL  Read Replies (1) of 110194
 
Roach seems inconsistent to me. Only months ago he was arguing for an immediate hike in Fed funds by 2 points to normalize short rates. Now he is complaining that the baby quarter point increases threaten the economy.

For what it's worth I doubt that Fed funds at anything below 3% will have a substantial effect on the economy.
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