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

To: Mike Johnston who wrote (75400)	12/12/2006 11:49:08 AM
From: GST	Respond to of 110194

If the Fed was a medical doctor this would be the scenario: The patient says "I have been smoking, drinking, not exercising and eating unhealthy food like a pig (with apologies to real pigs) and my body is now riddled with disease -- doctor, make me well". The Fed can be a good doctor, or the Fed can be a bad doctor, but whatever kind of doctor the Fed turns out to be, the patient is sick and will not be cured by a magic potion from the Fed. A responsible doctor would say -- its your own fault, now shape up and use whatever time you have left wisely. Some will say the doctor is at fault for prescribing twinkies -- debatable but by now not too relevant. Even if true, taking away the twinkies now will not make the patient healthy -- of course more twinkies now will add to the ill health. The point is this: The answer lies not with the Fed -- the answer lies with us, you and me and everybody else.