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Non-Tech : The Critical Investing Workshop

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To: SOROS who wrote (1600)1/29/2000 5:26:00 PM
From: Jim Willie CB   of 35685
 
high GDP growth was expected in Q4
they were wise enough to notice built up inventories
we are talking inventory across full spectrum, not just technology
but computer technology will be the biggest loser on this side of Y2K

you continue to believe Greenspan is in control
he is not... he follows the 3month TBill
he always has, and always will... why dont people understand?
probably because you guys never read about bonds
and if you do, you only read about the longbond

I firmly believe Greenspan will raise 25bp, since the shortend of the bond market is calling for it

Greenspan's brilliance lies in his restraint and his obedience to the bond market
and he is called a genius
only the obscurity of his speeches could be mistaken for those by a genius
his policy could be enacted by a college dropout

the Fed will continue to raise FedFundsRate until the 3month TBill stops rising
I wonder if the bond market might suspect that the GDP heavy growth could wane in coming months

check the 30mo TBill yourself, and predict Greenspan's move
he may just NOT want to roil financial markets this week
they have been shaken up to some extent already
/ Jim
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