http://web.wenxuecity.com/BBSView.php?SubID=finance&MsgID=330132
Fed policy at a dangerous
situation now: if they continue to raise rate and pop the real estate bubble quickly, the ATM machine (home equity line) for consumers will be taken away, causing big plunge on consumer spending. That's why I think Fed has two more hikes at most and there'll be no hike in 2006. And that's why I think the market looks good from here mid term.