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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: shadowman who wrote (31537)5/19/2005 11:20:16 AM
From: ValueproRead Replies (1) | Respond to of 306849
 
What Greenspan is saying is, "Please give us control over long term rates. The Fed has been helpless in this regard, and we don't want any financial institutions in this country more powerful than us leading banks. We need to rein in Fannie and Freddie the way we did the Savings and Loans, who got too big for our own good. Then, we can truly have control over interest rates, short and long."

In line with this premise, is it not interesting that Treasury now wants to re-introduce 30-year notes?



To: shadowman who wrote (31537)5/19/2005 11:20:44 AM
From: John VosillaRead Replies (3) | Respond to of 306849
 
Makes a lot of sense as Greenspan and Co have no other options left. Yield curve is flattening and real economy not related to real estate, financial engineering and China going to collapse if he keeps tightening.