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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 (10786)3/24/2004 11:23:49 AM
From: Steve Lokness  Read Replies (1) | Respond to of 110194
 
mishedlo;

<<Of cousre housing deflation is exactly what Greenspan is fighting and no one realizes it>>
I might agree but he is only making things worse!! The lower interest rates go the more overbuilt we are as a nation, AND they greater the risk. Frankly, I think he has lost it. And I am dead serious on that last point!

steve



To: mishedlo who wrote (10786)3/26/2004 6:26:21 PM
From: Elizabeth Andrews  Respond to of 110194
 
Japan is a mess not because it had a bubble or two but because its system does allow for liquidation, consequently reformation is a long and drawn out affair.