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: mishedlo who wrote (23692)	2/16/2005 11:02:25 AM
From: yard_man	Read Replies (1) of 116555

ho ho ho -- exuberant for an old guy, isn't he?? <g> wonder what he meant by a conundrum? I think the guy is off is rocker >>The Fed chief seemed puzzled by the bond market's reaction to the Fed's recent tightening, calling the drop in long-term rates in U.S. and global bond markets a "conundrum." He said financial markets in general seem quite optimistic. "A broad array of financial indicators convey a pervasive sense of confidence among investors," Greenspan said. ... "History cautions that people experiencing long periods of relative stability are prone to excess," he said.<<

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