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

To: mishedlo who wrote (8921)	2/28/2004 11:39:53 AM
From: russwinter	Respond to of 110194

<In any event, do you think he would do that if he were planning to raise rates anytime soon? > Again, this Greenspan "advice" is the very definition of encouraging moral hazard behavior, that's what make him so dangerous as a central banker. And now we are about where, in the bottom of the ninth inning on this policy? He's obviously completely out of control. You need to read Grant's book to understand this key concept. In fact you need to get the book badly, and now.