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Politics : Formerly About Applied Materials
AMAT 322.54+6.8%2:35 PM EST
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To: mitch-c who wrote (40614)12/8/2000 2:05:05 PM
From: Jacob Snyder  Read Replies (1) of 70976
 
It's all going to turn out perfectly. The budget surplus is causing some big problems. 30-Year Treasuries used to be the cornerstone of the bond markets, but they are disappearing, because of the surplus. So, hopefully we'll get a bi-partisan compromise, in which the Democrats get to fund all the programs they want, and the Republicans get to enact their wish-list of tax cuts. That, combined with a recession, ought to nicely re-liquify the market for 30-year Treasuries.
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