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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: limtex who wrote (39961)8/7/2001 4:35:27 PM
From: Jim Willie CB  Read Replies (2) of 65232
 
I honestly think GreenSnot is trying to make sure that the inflation threat is indeed under control

that is absurd on its face

but that seems to be their entire motive

I just checked 3-month TBill yield is at 3.55%
so the FedFunds rate of 3.75% is 20 bpts of tightening
that is my definition
it may not be yours

I agree that we need to see it BELOW the 3-mo TB yield
/ jim
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