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


To: Mike Johnston who wrote (89580)12/13/2007 11:22:55 AM
From: John Vosilla  Read Replies (2) | Respond to of 110194
 
Volker was dealing with persistent rises in long term rates, high unemployment and reported core inflation much higher than today. Today of course we have the housing/credit mess and our debts out there instead at center stage these bozos caused even with a booming global economy, rampant liquidity and no ramifications yet to long term rates from all the growth in monetary aggregates and deficit spending.

One can only hope long term rates don't skyrocket while the current mess is being resolved. Just imagine what would happen to housing, the stock market and our financial institutions if the 10 year treasury suddenly jumped to 8-10%?