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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (21646)	1/18/2005 1:21:52 PM
From: John Vosilla	Respond to of 116555

<Therein lies the most worrisome aspect of the real interest rate conundrum -- an asset economy that won’t allow for an easy exit strategy. That should not keep central banks from acting responsibly and attempting to return real rates to more normal levels. The longer the world resists such a normalization, the more treacherous the endgame.> Excessive easy monetary policy closing in on four years now, manipulated CPI by the BLS, record consumer and government debts (along with an increasing credit risk of both), the insurmountable trade deficit and declining dollar must result in an upward bias in long term interest rates soon. This Greenspan or the forces of deflation cannot control.