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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: bond_bubble who wrote (74180)11/16/2006 2:21:38 AM
From: mishedlo  Read Replies (1) of 110194
 
Hussman and Succo would both agree I think.
In fact Hussman did an article on what little the Fed is in control of. When credit growth heads south, the Fed will not be in control of that either.

The Fed can foster an environment that encourages or discourages credit but the market may or may not go along in terms of LT rates. Besides fostering that environment is not the same as enforcing or mandating it.

If consumers stop spending and businesses stop borrowing there is not much the Fed can do about it. Nor can the Fed stop bankruptcies on homes, consumers, or businesses.

Mish
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