Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mishedlo who wrote (6627)	1/31/2004 7:43:00 PM
From: russwinter	Respond to of 110194

Perhaps so (why else do you think I call Greenspan the Wizard of Oz?), but I think you're missing Noland's "moral hazard" point if you buy into the ruse.

To: mishedlo who wrote (6627)	1/31/2004 7:45:48 PM
From: yard_man	Read Replies (2) \| Respond to of 110194

I don't think the Fed can "pierce it" or that it is any more a bubble than fiat is. Bond market has its own dynamic now. What I agree with is -- it is a ruse -- telling the markets that a rise is getting nearer -- just feeding the hopeful fools who think a "recovery" is about to cross teh threshold to "self-sustaining." Auerback had a funny take on parsing the statement -- in a larger vein, it is all complete BS as the guys at Comstock said -- who gives a rip what the Fed thinks -- except for short term perturbations like we saw last week -- it is over for them. They are hostage to the mess they have created. I don't care if they do goof and raise sometime next year ... markets will decide when rates need to rise, not them. It will be a long time in coming.