Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: mishedlo who wrote (29501)	5/10/2005 4:12:45 AM
From: zonder	of 116555

Wrong about what? Wrong about expecting Fed to stop raising rates or even, on several occasions, claiming that their next move would be a cut. You and everyone else has been DEAD WRONG about long rates I don't remember pronouncing a verdict on long term US treasury yields, neither have I ever touched those treasuries, on either long or short sides. As such, I don't see how I have been so "dead wrong". I HAVE said on various occasions that the Fed would continue to raise rates and would be right to do so, given the level of inflation and the obvious insanity of leaving rates at a real negative level. Care to lay a wager on where the 10-yr is a year from now? Nope, because I do not make bets in the casino nor on any other instrument whose movements are controlled by BIG BOSSES, and hence does not behave according to free market principles. US treasuries are one such example, and will continue to be, until the world gives up buying them regardless of their yield, in order to prop their own currencies vs the USD.

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