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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: siempre who wrote (20858)	5/2/2004 9:56:45 PM
From: sea_urchin	Respond to of 81220

Siempre > only time will tell, but history suggests that meaningful tightening in the current environment of real economic slack relative to historical experience will stop economic growth dead in its tracks I agree, that's why this "recovery" is definitely a miracle, as you say. And, as the article says, increase in interest rates will have serious repercussions, especially for "ordinary" people. In fact, I said so myself here some while back. However, I can only say that Greenspan was serious. He's prepared to bet the bank, the Federal Reserve Bank no less, that this IS a recovery. And, he's certainly not a frivolous person, so there must be something in it. And the market is also acting like interest rates can rise. And if interest rates rise, so will the USD. And, as you say, it can be a credit bubble, but so what? If that's what it is, and that's all there is, and you can see it, then play it. No marks for griping about it, even before it's happened.