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

To: bart13 who wrote (81616)5/9/2007 12:26:19 PM
From: CalculatedRisk  Read Replies (1) | Respond to of 110194
 
Bank of America Corp. Chief Executive Officer Ken Lewis said a so-called credit bubble is about to break after six years of historically low interest rates and relaxed lending criteria.

``We are close to a time when we'll look back and say we did some stupid things,'' Lewis said, speaking at a lunch at the Swiss-American Chamber of Commerce in Zurich. ``We need a little more sanity in a period in which everyone feels invincible and thinks this is different.''

bloomberg.com



To: bart13 who wrote (81616)5/9/2007 2:39:39 PM
From: Real Man  Read Replies (1) | Respond to of 110194
 
We live in a new era. Because of the size of credit
derivatives markets, the Fed has to do exactly what
derivatives tell them to do. They also need to craft
their language very carefully, cause if they don't, they might
end up hiking interest rates too much, 30 years from now,
and that could cause a severe market dislocation -ggg-


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