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Non-Tech : The Critical Investing Workshop

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To: candide- who wrote (1483)1/28/2000 9:47:00 AM
From: Jim Willie CB  Read Replies (1) of 35685
 
with 5.8% Q4 rise in GDP, came report that inventory levels rose sharply
last Q3 GDP rise was 5.5%
this is it for rising GDP figures, hoping market realizes it

I think the govt lacky economists might actually get it right on the temporary nature of inventory buildup with the Y2K effect

10yr TBond inching up still, now 6.76%
the 10yr TBond yield is now higher than the 30yr TB
bond market knows all about the Fed refunding from surplus
common knowledge now

we will see
more later

we are testing lows now
WE ARE BENDING NOW but not breaking
got equilibrium balance finally at 119, on bid/ask sizes

/ Jim
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