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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Mike Johnston who wrote (76651)12/26/2006 2:08:34 PM
From: John Vosilla  Read Replies (3) of 110194
 
Recall how people were much more likely to save in the Bush Sr years after the 87' stock market crash and during a S&L fiasco in an environment of very positive real interest rates and condensed multiples on all asset classes. An 'inflation fighting' Greenspan back then was aggressive in dropping fed funds several years later than he should have.. Now we are 360 degrees in the other direction IMHO..
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