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

To: Knighty Tin who wrote (36002)	8/26/2005 12:10:49 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 116555

As long as credit is easy, the bubble will expand. yes indeed, but why the continuing conundrum of falling rates then? there is no national housing bubble there are unambiguous local bubbles to be sure (i.e. orange county, LA, parts of FL, DC, etc) but those are the result of the risky and 'imaginative' financing schemes that have developed to push the demand you deal with micro bubbles with micro tools (tightening underwriting requirements) but alas, he'll probably continuing to swing the same blunt instrument he used when he went after the tech bubble "irrational exuberence" so what do you think, what does the bond market know that greenspan doesn't?