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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (64723)3/21/2007 7:23:57 PM
From: LTK007  Read Replies (1) of 116555
 
<<Now is not the time for a recession. We are in this fix because there is never a time for a recession. We hope to forestall recessions forever because if we can't all hell will break loose on the downside.

That Mish readers is what the Fed really said today. Nonetheless the market seemed to love it. But what's not to love? The simple written translation of the above text is "Party On Dudes".>>
Yes to all that you wrote.
They have made asset inflation the foundation of the economy so they are now trapped.
They are saying "party on" even though the party is beyond the edge of a cliff.
And they know that, they know once the party stops and then the people get sobered and still will realize they have been dancing in air far from the cliff's edge, and then they will fall like a huge populace of Wily E. Coyotes.
And that is the situation the Feds have, imo, the dreadful Greenspan legacy be an albatross about their neck, and i feel they must have fear as they scramble and scramble to stall the inevitable as they note that their bag of tricks is near empty.
They are trying to keep the proverbial upside down pyramid standing miraculously on its tip without falling over.
Odds are HEAVILY against them. Max
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