The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: GST who wrote (93089)	4/2/2008 4:42:28 PM
From: Elroy Jetson	Read Replies (1) of 110194

What we have is a Fed Chairman who has set the Fed Rate 500 basis points too low, and claims we have a liquidity crisis - there being simply not enough money. Raise the Fed Rate to 7.25% and there will be more than enough money for everyone who wishes to borrow money. We don't have a liquidity crisis, we have a Fed Chairman who is trying to repeal the law of gravity. A King Canut sitting by the shore-side commanding the tide to recede. Some firms do have a solvency crisis. That happens in a capitalist economy and is a normal course of events. .

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