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

To: Elroy Jetson who wrote (29354)	3/25/2005 1:45:12 AM
From: mishedlo	Read Replies (2) \| Respond to of 110192

With Greenspan's temperment I fear this is a long drawn out ugliness similar to Japan. Oddly enough that is the BEST we can do from here IMO. The alternative is one huge global depression for 4 years. Mish

To: Elroy Jetson who wrote (29354)	3/25/2005 2:20:32 AM
From: michaelrunge	Read Replies (3) \| Respond to of 110192

>Unless Greenspan's alter-ego emerges to do the same, I think he's going to lose his nerve... If Greenspan were going to raise rates now to "save the dollar" would he have lowered rates as low as he did, for as long as he did? No, he knew at the time what the outcome would likely be. The very fact that he did what he did leads me to believe that he won't try to "save the dollar". He might try and make it look that way, but not really. To save the dollar at this point would be to put GM out of business. And a lot of other major financial players. Mike