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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: mishedlo who wrote (43043)12/19/2005 2:52:51 PM
From: Paul Kern  Read Replies (1) of 116555
 
Mish,

The Fed no longer has much of a say in long term rates. You need to look east to the Chinese and Japanese central banks. Say we got into a real tiff over Taiwan, the 10-year could suddenly be yielding eight per cent or more if they stopped buying and started dumping.

JMHO,

Paul
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