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

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To: Crimson Ghost who wrote (37317)7/30/2005 11:18:30 PM
From: mishedlo  Read Replies (1) of 110194
 
No way will the Fed pause until there is clear evidence that things are winding down.

I agree but then again you assume things will not suddenly turn down.

As much as this galls me to say it, Greenspan has somehow managed to have a "growing" economy and hiking rates as the rest of the world is slowing down.

Now is the US a mirage? Of course but.... as long as he can keep hiking the US $ will likely remain strong. Greenspan is the world's biggest F*ck*p .... but until history rewrites the act (which it will), Greenspan has pushed the blame on to the person that follows him (for now). That was not easy to do but he pulled it off.

Long term I doubt it matters. Short term he looks like a hero once again.

Mish
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