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

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To: Crimson Ghost who wrote (37314)	7/30/2005 1:03:56 PM
From: russwinter	Read Replies (2) of 110194

I don't read Kasriel that way at all, not even remotely. I think he is just recognizing what Bubble blowers these clowns are, as distinct from what proper policy should be. I agree with his call by the way. I see 3.5% as the end, however that will be enough to deal a death blow to the failing housing Bubble. In fact, if the jobs report comes in weak as I expect, they will change the language to be far less hawkish, start talking about the Goldilocks economy, and gear up the Ministry of Truth rectification BS. The market is now way too hawkish on rate increases and economic strength, expecting three rate hikes in succession. trendmacro.com Meanwhile the specs have ramped up nearly the same level of Eurodollar shorts (919,590) as last March when they got squeezed, wash, rinse, repeat. The Dec ED is pricing a 4.27% yield, which also translates into three straight hikes and then a slight pause.

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