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

To: Steve Lokness who wrote (10806)	3/24/2004 12:28:32 PM
From: mishedlo	Read Replies (2) \| Respond to of 110194

Frankly, I think he has lost it. And I am dead serious on that last point! Greenspan lost it a long time ago. LTCM Y2K productivity miracle nonsense Hedonic GDPs Recession fighting etc etc etc. Interest rates should be at 5% or so right now. Unfortunately there is no way to get there without causing a depression. Greenspan is a complete idiot. That said, one has to adjust to where we are today not where we should be. From where we are today, there is no way out of this mess and Greenspan is largely responsible. Mish