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

To: skinowski who wrote (65647)	7/9/2006 1:09:21 AM
From: mishedlo	Read Replies (1) \| Respond to of 110194

Skin, I think it is possible but I do not know about how likely. That said, I think whether by accident or design he is going to accomplish exactly that. I do not think he understands the enormity of an imploding housing sector and I think he VASTLY overestimates his ability to prevent deflation. That is going to crucify him sooner or later. Right now, it seems he is intent on proving what an "inflation fighter he is", but with every hike he drives a deeper nail into the deflation probability. Most here are no doubt laughing at what I just said, but I dont care. Expressed a different way, Bernanke has no winning options, and that I think we can agree on. Mish

To: skinowski who wrote (65647)	7/9/2006 1:25:49 AM
From: ild	Read Replies (2) \| Respond to of 110194

Because if Greenspan's bubbles are not popped soon they will become Bernanke's liability. My assumption is that Bernanke wants to be the fed chairman for 20 years, plus of course he wants to be the greatest one. Another question is why he became the Fed chairman. I'm sure he read this thread and knew about many bubbles and other imbalances. Apparently he believed that he's the best person to help America in these hard times. Another POV in analyzing Bernanke: as every elected person from the day one in office he's now working hard to ensure his reelection. To be reelected he must not alienate the party that will be in charge (very likely Democrats) and he must not be responsible for troubles (so he should pop Greenspan's bubbles while they are not his).