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


To: Paul Chiu who wrote (20298)10/19/2004 7:18:37 PM
From: Jim Willie CB  Read Replies (4) | Respond to of 110194
 
Rubin said in interview he wants no Fed Chairman post
they did not ask about Treasury Secy
he should get in there to fix the mess he made
with the Strong Dollar

trouble is, nobody much realizes he made a mess

a Strong Dollar Policy amplified the entire financial sector
bonds
stocks
real estate

at the same time, it exported almost our entire mfg base

NOW WE HAVE TRADE GAPS OF MONSTROUS SIZE
we tinker too much as a nation
we experiment with the no-gold USDollar
when things go wrong, instead of returning to fix it
we compound the problem with more and bigger bubbles

Rubin said he wants to influence the choice of the next Fed Chairman
he praised the Greenspan work
but he must not have meant his words
I cannot find more than 3-4 people in WashingtonDC or Wall Street who publicly profess criticism of Greenspan's horrendous track record of crisis after crisis

the crises are returning
/ jim