Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: russwinter who wrote (12346)	4/21/2004 2:54:31 PM
From: gregor_us	Read Replies (2) \| Respond to of 110194

Hi Russ. So Parry Looks Like He Got the Role of Bad Cop. I swear, you wonder if these Fed Meetings are like Tarantino's Reservoir Dogs, where Parry begs to be Mr. Black (the bad cop), Bernanke demands to be Mr. White (the good cop) and Minehan of Boston does not protest being made Mrs. Pink, because "no one pays me any bloody attention anyway..." Meanwhile, with the release of the Beige Book, it looks like the global markets can back off the Grand Drama of the Fed Uncertainty Principle--and charge ahead now, regarding the possibility of an AUGUST 2004 25bps hike as little more than lint, to be brushed off the shoulder. After digesting this latest Greenspan Stadium Rock Concert, it looks a helluva lot like his Both Sides of the Mouth act that he's been practising for the last 36 months. He may have hoodwinked all of us once again--including me--and here's how: The Inflation Cat got out of the bag, and many of us expected him to deny it 100%. Instead, he actually acknowledged that the Fed could raise rates at some point in the future--which in a really wierd, paradoxical way was merely another formulation of his doveish, Easy Al theatrical act. Have I gone insane, or has watching Alan Greenspan made me insane? If I get tied up in knots trying to even talk about this Madman, is it any wonder?