Freddie And Fannie Distort The Market
"...I am not going to dispute that the economy is not growing strongly. It clearly is. It could grow at an above trend pace for well into next year. That makes me happy. But I think there is some inherent weakness in this recovery that makes it more suspect than others recoveries we have experienced since the end of WW2. As we will see, I find it hard to believe that there is something in the economic water that could cause Greenspan to raise rates 45 days in front of an election..."
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