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

To: Elroy Jetson who wrote (22069)	11/22/2004 2:00:05 AM
From: John Vosilla	Read Replies (1) \| Respond to of 110194

<Greenspan concerned with weak dollar _\|\|_ NEW YORK (CNN/Money) - Federal Reserve Chairman Alan Greenspan warned the U.S. must deal with the causes of the weak dollar -- the U.S. trade deficit and the federal budget deficit -- or the country could run into economic problems down the line> Somehow I doubt he raises short term rates back to 5%+ to remedy that problem unless he is still clueless on the far reaching impact that would have on housing in many bubble markets. Does he even realize how many new overpriced, unnecessary condos and second homes he helped foster lately that no locals can afford in many markets unless they are paying 1% interest only?