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

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To: russwinter who wrote (25310)	1/26/2005 8:53:39 AM
From: Ramsey Su	Read Replies (5) of 110194

Russ, why do you think the Feds want to be in such a hurry to raise rates? As Japan has demonstrated, allowing time to deflate their real estate bubble did not turn out too badly. They sat on almost zero interest for how many years? While I think that Greenspan's judgement has always been driven by his ego, I do not think he is stupid. He got to be worried about the consequences of a hard landing in just about everything if they raised rates too quickly. So far, all his jawboning efforts had failed. (that must be a big dent to his ego that the market no longer listen to him) He tried to talk the market out of carry trades - failed. He tried to talk up the yield curve - failed. Ramsey

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