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

To: Crimson Ghost who wrote (85824)	9/4/2007 4:45:20 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 110194

>>Too-low interest rates caused housing boom and bust, central bankers told<< They should just do away with the Fed altogether and let markets set rates. The temptation to blow bubbles and rescue everyone is apparently too great for all of these wussies....<NG> Like they're gonna "solve" the current problem by cutting rates! Too loose monetary policy got us into this mess, the only solution is to purge bad debt. Which means a recession, BFD, not the end of the world....