Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

Dan....

As much as I respect and appreciate Roach, I think he has missed an important point -- creating asset bubbles are the heart and soul of the Greenspan Gambit, essential for escaping the twin spectres of deflation and recession when there are no other drivers to rescue the economy. Although I personally think it will almost certainly fail in the long run, it is a well thought out and very intentional policy of the Fed.

Thanks for sharing your Roach -- the best economic pundit I know of.

mlsoft