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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (308)	7/28/2003 12:50:57 AM
From: ild	Respond to of 110194

Freight Trains and Steep Curves The U.S. financial system’s big gamble on perpetually low short-term interest rates John P. Hussman, Ph.D. hussman.net

To: russwinter who wrote (308)	7/28/2003 10:26:52 AM
From: ild	Read Replies (2) \| Respond to of 110194

Global: The Quality of Economic Recovery Stephen Roach (New York) morganstanley.com ...With the equity bubble having been followed in succession by bubbles in property, mortgage refinancing, credit, and most recently bonds, an ever-deepening moral hazard dilemma has become an equally worrisome consequence of any economic recovery in this climate. The authorities’ fear of popping bubbles has made for a most intractable exit strategy. ...