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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (8576)12/12/2007 3:11:47 PM
From: ahhaha1 Recommendation  Read Replies (1) of 33421
 
I'm not going to complain about this to much

You should since it mixes monetary policies of different nations. This would be a violation of the Teitmeyer Doctrine by which all CBs tacitly operate. For example, TAF could drag ff rate up to LIBOR rather than the opposite. Consider. LIBOR is a free market rate vs FED's fixed ff rate. Free markets always trump fair fixed ones.

as several of us on this thread have been calling for corrective measures from The Central Banks.

How can you do that without knowing if anything needs correcting?

I fail to see where the firms that prospered wildly by this process are seeing any puntative blowback from this plan.

Which process? Who profited?
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