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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: yard_man who wrote (174584)6/23/2002 12:59:22 AM
From: LLCF   of 436258
 
<it is possible that foreigners could start dumping treasuries and push rates up -- but the fact that, if they have been dumping, it hasn't pushed rates up >

Wowa, the short rates went for 5 to 1.5 and long bonds didn't move down at all. I don't think one should assume that foreign selling won't matter. IMO these worry wart economist are always smart and ALWAYS way off on their timing. It doesn't mean it wont' materialize. Time will tell, but they said the same thing about the Japanese with real estate, and they puked like an 18 yr. old red neck at the Jack Daniel's distillery.

dAK
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