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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: reaper who wrote (246227)6/24/2003 3:41:06 PM
From: Perspective   of 436258
 
Reap, how do I fade this consensus most profitably?

< The Bond Market Association mid-year survey released this morning implies that tomorrow's FOMC rate cut will be the last interest rate cut for this cycle -- generally speaking, the BMA survey predicts a 25 bp cut tomorrow, the fed funds rate target to remain at 1% through 2004Q1, and the rate to be increased to 1.75% by the end of 2004Q3.>

No way in hell Fed Funds are up to 1.75% within a year from now. That would absolutely crush our economy, and Bush's re-election hopes.

Do I buy 1 year interest rate futures or what?

BC
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