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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 (56429)	3/21/2006 9:41:15 PM
From: mishedlo	Respond to of 110194

No Payments until January 2007 globaleconomicanalysis.blogspot.com Mish

To: ild who wrote (56429)	3/22/2006 11:11:58 AM
From: ild	Read Replies (2) \| Respond to of 110194

Global: Inside the China Debate Stephen Roach (from Beijing) morganstanley.com

To: ild who wrote (56429)	3/24/2006 8:19:28 AM
From: Rarebird	Respond to of 110194

Yesterday, Kasriel was interviewed on Bloomberg Business Radio in NYC for about 15 minutes from 2:05 pm to 2:20 pm EST. Tom Keane introduced him as the "Big Bear" who doesn't believe in the great growth story of the US Economy. Kasriel just chuckled and said that's not true. He just basically talked about (and I'm paraphrasing him here) how it was likely that the US economy would go into recession if Bernanke raised rates 1,2 or 3 more times. He then talked about how the Fed uses economic data that lags to make policy decisions. He blamed the Fed for not having a leading indicator to determine when to stop raising rates. I think Kasriel came across very naive. Doesn't he realize that the Fed is just speculating here like most investors/traders?