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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Mario :-) who wrote (67164)	8/4/2007 1:11:30 PM
From: LTK007	Read Replies (4) \| Respond to of 116555

<<If so, can you or someone else wrote in just a few words who thinks what will happen.>> Why? So I can write down on the paper and watch the future and compare.>> ****************** i am in the middle, and if or status as i see it as up to the fed and the fed is trapped. They cut interest-rates and they set-up Recessionary Inflation . Raise interest rates and they set up Recessionary Deflation. i know how IRRITATING Cramer can and often is, but he did say something recently worth pondering.He says Bernanke is not going to bail out the Mess Greenspan created, that he is playing for 2008 and the next president and to remain Fed Chief, and he isn't going to save Greenspan, and will not run to cut but instead blame this trapped state on Greenspan( and i believe it , this Housing Bubble, was Greenspan caused--it was the Greenspan Monster that he bequethed to Bernanke) Bernanke does know the cause of this latest giant bubble in Housing was the result of Greenspan's mad, relentless slashing interest rates down to 1%, Bernanke is on record as saying he did NOT approve of Greenspan , slash, slash rates; this he said as Greenspan was run amoke slashing and slashing rates and wanting to cause a Housing Boom , to feed his relentless ego, to revered as the Wizard of Oz. Greenspan then stepped down and Bernanke got the disaster waiting to happen bequethed to him. Deflation/Inflation, we are on a cusp, we will get one or then other, either case is bad news. For myself, i see Deflation requiring Consumer to start saving andstop living on Credit. But they just keep hitting that charge card and U.S. savings remains NEGATIVE. They start saving and counting all their pennies and putting them in a jar--DEFLATION, this is exactly what did happen in Japan, consumer went from spendthrift to intensely frugal, and that was caused by a residential housing Bubble and subsequent collapse. Watch the data, watch what the Fed does, etc, and i think you can yourself predict the outcome. For me, this, a terrible outcome, has been GUARANTEED by Greenspan, who i believe will be in time exposed as the worst Fed Chief in U.S. History.Always opinionated Max:)