Robert Kessler on Consuelo Mack's Wealth Track: 4 mo later still watching for "critical event" that will freeze credit markets
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What will be the next Lehman Bros. bankruptcy "critical event"? A noted US treasuries expert speculates that Fed will reach a "holding period" of nearly a year before a cataclysmic event pushes them to action--a rapid reduction in interest rates, Kessler says inevitably back down to zero. Consuelo obviously thinks Kessler's Nov. 4, '22 comments are still relevant as she ran that episode again today.