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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%Nov 17 4:00 PM EST

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To: elmatador who wrote (23312)9/29/2007 7:36:23 AM
From: TobagoJack  Read Replies (2) of 217847
 
E-mail incoming ...

Andy Xie, former economist at Morgan Stanley here in Asia, blasts the Fed and the US, and tells readers to sell all US assets, as the Fed has made clear that they intend to bail out those in debt, rather than the lenders.

If this type of argument becomes commonplace in Europe and Asia, we could see still more downward pressure on the US Dollar and Treasuries.

Mac
scmp.com

SNIP:
Buyer beware
The larger-than-expected interest rate cut by the US Federal Reserve signals it's time to sell US Treasury bills, writes Andy Xie

Sep 29, 2007
The world over, those who own US Treasury bills - and there are so many of them - should sell now. The US Federal Reserve wants to rob you to help bankrupted American homeowners, hedge funds and investment banks. On September 18, it cut its benchmark interest rate by 50 basis points - double the 25 points that many market watchers were expecting. And the Fed indicated it would cut interest rates aggressively in the coming months. By early next year, the Fed funds rate may drop to 4 per cent from the current 4.75. ...

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