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

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From: CalculatedRisk6/3/2005 8:48:52 PM
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It's Greenspan's turn to talk

By Rex Nutting
Last Updated: 6/3/2005 8:25:08 PM

WASHINGTON (MarketWatch) -- Explaining the bond market's crazy behavior may be difficult, but it's a cakewalk compared with the conundrum facing Alan Greenspan.

After a year of steady interest-rate hikes, the Federal Reserve has reached a crossroads, knowing that there's a risk of recession no matter which route is chosen.

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