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

To: Mike Johnston who wrote (36159)	7/16/2005 10:18:03 PM
From: John Vosilla	Read Replies (2) \| Respond to of 110194

"IMO it would be better to hike rates to 6% now and swallow the bitter medicine, rather than having to hike them to 12% later. The longer the interest rates stay below the rate of inflation, the higher the inflation will be down the pike." The can't invert that much as it would lead to a global depression. Long term rates are lower than the USA in most developed countries today, yield curves are inverted and economies at or on the brink of recession. A major slowdown by the American consumer of last resort would be a disaster.