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


To: ild who wrote (44522)10/31/2005 1:41:47 AM
From: ild  Read Replies (1) | Respond to of 110194
 
Daily Action, Noise, and Ben Bernanke
By focusing on a policy target which cannot, in fact, be controlled, and can only be measured effectively with a lag, it's possible that Bernanke will find himself constantly overreacting or falling behind the curve. The predictable result will be more interest volatility than the economy deserves.
By John P. Hussman, Ph.D.
hussmanfunds.com