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To: Fiscally Conservative who wrote (393)	3/1/2007 8:58:21 PM
From: Box-By-The-Riviera™	Respond to of 1718

macro or micro? hard to tell the difference these days. must be some kind of color blindness.

To: Fiscally Conservative who wrote (393)	3/1/2007 10:20:00 PM
From: SouthFloridaGuy	Read Replies (2) \| Respond to of 1718

I don't disagree that we will see up to a 50% haircut in the market once the market realizes that inflation, not recession, is the true evil. Until then, Fed policy, and for that matter, global rate policy, is way too accomodative. You need Japan short rate > 2%, Europe > 6%, US > 7.5% before it happens.