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

To: NOW who wrote (2414)	11/19/2003 1:26:47 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

yes, and what faster to way to get there than be sudden fiscal prudence at this stage of the game.... The sad fact of the matter is that interest rates should NOT be this low. What has happened is that Greenspan WASTED all his bullets too frigging early, at a time when repeated lowerings would only create a bond bubble. Now we got interrelated bubbles all over the place and raising rates will pop most all of them at once. It is not a pretty picture and Greenspan is down to prayers. But.... Just because interest rates should not be this low does not mean they should be raised. Those bullets should have been preserved. M