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


To: ild who wrote (9170)3/2/2004 2:01:15 PM
From: Jim Willie CB  Respond to of 110194
 
good stuff from Trotsky, expect 3recessions this decade /jw



To: ild who wrote (9170)3/2/2004 2:38:33 PM
From: ild  Read Replies (2) | Respond to of 110194
 
Date: Tue Mar 02 2004 14:08
trotsky (frustrated@Greenspan) ID#377387:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
do i believe he would raise rates if they continue to intervene? of course not - he'd have even less reason to do so in that case. btw., one thing shines through loud and clear in everything Greenspan has uttered in public over the past few weeks: he does NOT expect rates will rise anytime soon. i agree of course...take e.g. his remark on adjustable rate mortgages...sounds like the kind of recommendation one would give if one expected deflation to worsen, and hit the housing sector soon. not something a central banker worrying about inflation would say.
of course there's his great record as a contrary indicator to consider...still, all those hints ( more than hints actually ) promising there won't be higher rates are quite significant imo.

Date: Tue Mar 02 2004 13:49
trotsky (Hambone, 13:29) ID#377387:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
let's stop misinterpreting what was said. he only said he does NOT expect US rates to rise ( which of course is at least partly in his power - especially at the short end, where all those CB assets are concentrated ) if the interventions stop. at no point was the threat to hike rates raised.