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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: NOW who wrote (1598)10/20/2003 2:44:13 PM
From: mishedlo  Read Replies (1) of 110194
 
Actually I think I have this Snow stupidiy figured out.

He was giving a reason for the 10 yr and 30 yr to be headed up on his economy BS when it is really going to rise because of credit risks and balance of trade issues.

The affect however was played out in the FED fund and EuroDollar futures, although Bernak and Greenspan will only raise at gunpoint.

Let's see what these clowns say at the next meeting. Probably some more "balanced" BS hoping not to spook either the stock market or the bond market. If that is the case, EuroDollar futures should strengthen IMO.

We will see.

Mish
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