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

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To: Jim Willie CB who wrote (5660)1/21/2004 10:59:40 AM
From: mishedlo  Read Replies (2) of 110194
 
as long as all major currencies are rising versus the US$, interest rates here will be under pressure
you dont see it that way


The pressure is there BUT the pressure on others to cut is greater.

Look at Canada. I called it in advance.
Europe is next.
This economy is looking weaker and weaker to me (in terms of jobs). Focus on the primary objective of the fed, not something they have stated they do not care about.

I believe you will eventually be right, perhaps 7 years from now. Seriously. We are not going to see more than a token hike, and I say it is 50/50 that the next move is a cut.

Mish
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