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

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To: Ramsey Su who wrote (25329)	1/26/2005 10:12:19 AM
From: mishedlo	Read Replies (2) of 110194

So far, all his jawboning efforts had failed. (that must be a big dent to his ego that the market no longer listen to him) He tried to talk the market out of carry trades - failed. He tried to talk up the yield curve - failed. Ramsey I believe his jawboning has worked rather nicely. The Euro and pound are 6 to 8 cents off their highs, and perhaps he does not want that long end up as he does not want to crash housing. The tightening of the yield curve will make it hard on the carry trade. Those 6-8 cents might even give him room to pause if (when) he needs to. From his perspectve he might think he is a genius. In fact, I bet he does. Mish

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