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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Box-By-The-Riviera™ who wrote (144806)1/19/2002 9:43:52 AM
From: reaper  Read Replies (2) of 436258
 
``The markets have been sending that signal. Rates have been edging up,'' Johnson said.

Hugh Johnson is apparantly looking at a set of rates with which I am unfamiliar. The 10-year right now is at 4888 bps, which is LOWER than where it was on Septmeber 1 at about 5000 bps. The 5-year right now is at 4164 bps, below 4500 bps at 01 September. Both rates are also lower than where they were one year ago today.

I mean, do these friggin' morons even LOOK at the markets before they make statements like this.

I stand by my prediction that the 10-year hits 3.5% during the CY02 and ends CY02 below 4.0%.

Cheers
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