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

To: Crimson Ghost who wrote (37317)	7/30/2005 1:25:09 PM
From: CalculatedRisk	Read Replies (2) \| Respond to of 110194

I agree. Economics Prof Dr. Tim Duy gave his view yesterday: Fed Watch: A Week of Data That Point to More Tightening... economistsview.typepad.com Note - Before teaching at U.Oregon, Tim was an International Economist at Treasury and a Fed Watcher for The G7 Group, a private consulting firm "Short story: Greenspan and Co. don’t know how much further they have to go on this trail, but they can’t see the crest of the Fed Funds mountain just yet. The crest won’t come until they see solid evidence of demand growth sputtering."

To: Crimson Ghost who wrote (37317)	7/30/2005 11:18:30 PM
From: mishedlo	Read Replies (1) \| Respond to of 110194

No way will the Fed pause until there is clear evidence that things are winding down. I agree but then again you assume things will not suddenly turn down. As much as this galls me to say it, Greenspan has somehow managed to have a "growing" economy and hiking rates as the rest of the world is slowing down. Now is the US a mirage? Of course but.... as long as he can keep hiking the US $ will likely remain strong. Greenspan is the world's biggest Fckp .... but until history rewrites the act (which it will), Greenspan has pushed the blame on to the person that follows him (for now). That was not easy to do but he pulled it off. Long term I doubt it matters. Short term he looks like a hero once again. Mish