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

To: UncleBigs who wrote (63005)	6/7/2006 5:48:26 PM
From: gregor_us	Read Replies (1) \| Respond to of 110194

For People like Jim Grant, the Crisis has been deffered for much longer, I would think. The FED's Pause Path, which they launched in January of this year, was probably the best of all possiblwe worlds. I would have advised sticking with that script. Instead, it appears the FED is trying a policy shift now, after having written the previous script, advertised it, and now deciding to throw it away. I find it disturbing that former FED governors and many FED watchers are cheering the new tough talk from the FED, but, absent of any discussion of the Debt--and most importantly a recalcitrant congress and exec branch that still has no plan to reduce spending, after a shocking guns and butter binge. I can't decide which is more absurd: a FED deciding to tighten from here on in, or, a FED deciding to cut from here on in--in the context of zero discussion of the Debt, and govt spending. To me, it's farce. LP