Allan Greenspan's Ten Year Long Term Bond Markets

The long term rate completely ignored it. This didn't comport with how allan greenspan saw bond markets, or at least explained to congress how they should be seen. So that was really his conundrum, which was, we see inflation, we're the gods of all finance. We're raising rates, then everybody should just simply fall in line and obey what we say. If anybody knows even a little bit about how the bomb market works, this is such a ridiculous proposition. That's not how it works.