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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: CalculatedRisk who wrote (294)2/19/2004 7:41:15 PM
From: mishedlo  Read Replies (1) | Respond to of 116555
 
There is no question in my mind they over-reacted
Created a bubble in housing and at he stock market as well.
Add Junk bonds too the list too.

Because they over-reacted so fast we are precisely where we are with no room to cut on the next downturn.
Just like japan.

M