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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (66909)10/21/2003 12:19:12 PM
From: mishedlo  Read Replies (2) of 94695
 
If there is a
perceived currency/inflation risk, short-term rates will
reflect it. JMHO


This is our biggest and possibly only disagreement.
But it is a huge one.

Short term rates are NOT governed by market forces but by the FED. If the short term rate was governed by market forces it would not be anywhere near what it is now. IMO

M
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