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Politics : Stockman Scott's Political Debate Porch
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To: Jim Willie CB who wrote (4700)8/16/2002 6:19:19 PM
From: surfbaron  Read Replies (1) of 89467
 
JW: <<<<the USGovt has done the same thing as corporations
they have swapped from longterm debt to shorterm debt
(fully described by Pimco's Bill Gross -- very handsome man>>>

amazing so few people caught this in the mid 90's. too worried about stock options.

I was unsure how they carried it out until your writings on the gold carry. then it made perfect sense.

but I think we owe GreenEggs&Ham some reprieve. his hands were tied. since 94 his sole function has been to facilitate the demand for the long bond. tough duty.
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