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Pastimes : Home on the range where the buffalo roam

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To: Boplicity who wrote (12445)	4/9/2001 7:01:24 PM
From: Jim Willie CB	Read Replies (1) of 13572

just a note on FedFundRate and GreenBile monetary policy yes, same story... the Fed is STILL HITTING THE BRAKES the 3-month Treasury Bill yield is now just under 4.0% and FedFund target is 5.0% so the Fed is hitting the brakes by a full 100 basis pts !!! the economy is STILL being urged to slow down further !!! I expect some oversold springtime denial-based optimism to rise just like the daffodils and jonquils and a strange perverse rally might unfold for more than 7 hrs then reality bites hard after the news vacuum finds new equilibrium in the next 48 hours I intend to produce a list of arguments for a reflex rally shouldnt you be building a gunnite garden water cascade somewhere? / JW

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