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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: John Vosilla who wrote (37060)7/26/2005 11:06:13 PM
From: Mike Johnston  Read Replies (2) of 110194
 
If Greenspan had guts, he would raise rates to 6-8 % with 50 bp steps. Let coastal housing fall 50%, rather than do nothing and have it fall 90% from a higher level.
Let the chips fall where they have to and let everybody go back to their day job of treating patients, discovering medicines, writing software, inventing , producing goods and providing services.
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