Greenspan needs to shut up, now that he is working for Pimco. He called for a major recession in February, sparking the sell-off, then just as Pimco is caught long bonds while yields are rising, he calls for China demise. Now that Pimco adjusted and went short bonds, he is calling for higher rates. The guy is a yo-yo and now there are clearly some ethical questions.
"Last month, Bank of England Governor Mervyn King suggested that former central bank chiefs should limit their public remarks after they leave office.
When asked whether former central bankers such as Greenspan should comment on policy, King told reporters in London: ``I'll say only that I am very grateful to Eddie George that he has not been in the newspapers or on the radio all the time commenting on what the committee was doing.''
I got my TNX 52.50 but I don't want it for now, I'll wait for Europe to drive it down a little more and maybe pick some up pre-open. We are getting way ahead of ourselves before Thursday's PPI and jobless claims.
"Last month, Bank of England Governor Mervyn King suggested that former central bank chiefs should limit their public remarks after they leave office.
When asked whether former central bankers such as Greenspan should comment on policy, King told reporters in London: ``I'll say only that I am very grateful to Eddie George that he has not been in the newspapers or on the radio all the time commenting on what the committee was doing.''
I got my TNX 52.50 but I don't want it for now, I'll wait for Europe to drive it down a little more and maybe pick some up pre-open. We are getting way ahead of ourselves before Thursday's PPI and jobless claims.
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on Tuesday, June 12, 2007 at 6/12/2007 04:44:00 PM.
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