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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: UncleBigs who wrote (57622)4/7/2006 12:11:10 AM
From: John Vosilla  Read Replies (3) of 110194
 
"The only danger lurking out there is housing."

Fed funds were kept too low for too long. If they had started raising a little sooner and at faster increments the chances of success would have been much greater. We needed a flattened yield curve a year ago.. Speculation was way out of control by then. All those unneeded condos being built and 20-30% added home appreciation in 2005 will have serious ramifications for years to come..
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