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


To: mishedlo who wrote (34661)6/29/2005 11:26:35 PM
From: Mike JohnstonRead Replies (1) | Respond to of 306849
 
Greenspan is now trying to talk LT rates up.

Besides Bernanke was bluffing in the fisrt place.


I think Greenspan is bluffing. Greenspan must maintain the illusion that inflation is low and the Fed is vigilant.
I simply do not believe what he says.
It would take less than 1 business day for them to cause a backup in yields if they wanted to.

Am i supposed to believe that the Fed would be able to bring long term yields down against market forces (bernanke) and not being able to bring yields up if market conditions dictate higher yields ?
It would be like saying that i can swim in the river against the current but i am unable to swim with the current.