Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ild who wrote (61564)	5/21/2006 10:35:54 PM
From: ild	Respond to of 110194

Absolute Performer Interview with Joe Rosenberg, Chief Investment Strategist, Loews By ANDREW BARY online.barrons.com Barron's: There's a lot of controversy about whether the Federal Reserve should stop raising short-term rates. If you were in Fed Chairman Ben Bernanke's shoes, what would you do? Rosenberg: If the Fed were to merely raise short-term interest rates significantly right now, we actually would lower long-term interest rates. Let me back up a little bit. One of the problems that the Fed and the central banks around the world have is that they are trying a new experiment of transparency. And I think that this explosion of transparency forestalls where the real rate of interest ought to be today. If we had less transparent central banks both here and overseas, people who trade interest-rate securities and other things would have more of a fear factor. They couldn't prepare for each interest-rate move. That would thwart people's ability to speculate.