The bond market is going to have to GET REAL!
The FED ain't gonna stop raising rates in 2006...that's all you need to know, get used to it.
They simply must sop up the liquidity that Greenspan spilled into the markets after the Bubble of '99.
Where do you think all of those Mc Mansions came from...? GREENSPANS REAL ESTATE BUBBLE...which made any 1200 square foot house into a $150,000 sure thing. People just started "trading up." And eventually you got the local electrical contractor living in a 15,000 square foot Palace!
Essentially ALL OF THE LIQUIDITY from the Internet Bubble sloshed into the real estate market...AND STAYED THERE FOR YEARS... As Greenspan "debated" with himself about whether a real estate bubble "existed."
IT DID AND IT'S BURSTING...EVEN NOW.
