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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Zeev Hed who wrote (2646)12/22/2000 9:30:50 PM
From: Hawkmoon  Read Replies (2) of 3536
 
I looked at the National debt in the last few weeks. Well, in the last week it declined by a whooping $75 Billions

Well, that's quite a shock to me!! About time we saw some of the "surplus" being spent on buying back bonds.

publicdebt.treas.gov

Could it be that this is having an impact on keeping the dollar strong, the fact that the short term bonds are being eliminated and the proceeds applied again 30 year bills in order to help cushion the economic impact of this slowdown?

Could this be the "ace" up AG's sleeve in engineering the "soft landing" without initiating a run on US assets?

As for your comments about AG not cutting rates, I think the comments on recent steel orders being significantly lower may be signs that things are slowing down faster than even the Fed wants..

And the only way to reverse the current psychology is to send a signal. Even 1/4 point now would change the sentiment, and he can wait for a couple of more months to lower again.

Regards,

Ron
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