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Pastimes : Home on the range where the buffalo roam

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To: pbull who wrote (12850)4/20/2001 9:00:53 AM
From: Jim Willie CB  Read Replies (1) of 13572
 
yes, GreenDrawers prefers inflation to the alternative
but bankers are not relaxing their lending restrictions
maybe that will change soon
each regional bank has its own resident economist
and if internal staff says lending is increasingly risky,
they wont lend easily even if GreenSnot advises such

my take is that most of GreenEye's pumped liquidity has gone in the last 4-6 weeks to support the bond market, thus preventing a rise in interest rates
only in the last two weeks has that money found its way into stocks
and perhaps only minimally found its way into loan portfolios

I am amazed at the onslaught of favorable spin, optimistic outlooks, and some of the posted earnings
but then again, I believe earnigns estimates were sandbagged
had to knock them down enough to exceed them
and knock them down they did, bigtime in the last several weeks

/ jw
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