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


To: Jim McMannis who wrote (75405)12/12/2006 12:18:11 PM
From: Mike Johnston  Read Replies (1) | Respond to of 110194
 
How times change:

Greenspan is a dove who pretended to be a hawk to get the job.

Bernanke is a dove who did not have to pretend anymore to get the job.



To: Jim McMannis who wrote (75405)12/12/2006 2:49:37 PM
From: mishedlo  Respond to of 110194
 
He didn't screw up too bad until the latter Clinton years and all of GW Bush.

That is when he believed the dot com boom was "a new era" of unending prosperity.

BTW - How many of those years was Bernanke on the Fed?
Did he ever disagree with Greenspan?

Mish



To: Jim McMannis who wrote (75405)12/13/2006 10:47:06 AM
From: John Vosilla  Respond to of 110194
 
I think Bernake just wants to do the right thing.. GWB is irrelevant at this point.

Yes the wild swing in how Greenspan operated from being such an inflation fighter till about 1995 to where he was his last couple of year is quite astounding..Even the bond market bought into it. Here we are with much lower long term rates than the 1990's and incredible inflationary pressures that were no where to be found back then with GWB and company putting us in the position now of depending on China and Japan to keep the world economy from collapsing..