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

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To: russwinter who wrote (7957)2/12/2004 11:04:28 PM
From: gregor_us  Read Replies (1) of 110194
 
Reviving the Corpse: Greenie Says "No Worries Mate"

..and, the foreign buying all along the Curve gets robust. All signs to me that the American Consumer is signalling "underperformance."

**Still, indirect bidders -- mostly foreign central banks -- fed their appetite for U.S. debt, snapping up some 45 percent of the notes. That was the highest since the Treasury started releasing the data in May 2003.**

The response among foreign central banks to flagging consumer demand is exactly the same as the Fed's: work the pumps all that much harder...
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