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Strategies & Market Trends : Classic TA Workplace

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To: Galirayo who wrote (163270)	2/29/2008 11:18:54 PM
From: robert b furman	Read Replies (1) of 209892

For what it is worth: I got a call from my banker today "swaps are dropping - should get ready to lock in low rates". My partner who has several large businesses getting same rap from another bank and next week another banker wants to talk to me about flooring. Me thinks bankers are truly fearing a credit contraction and want to lock in rates (at lows) for a longer term- when in fact spreads are at their greatest differential. Makes me think recession is being feared big time. Recession equals no loan demand,and in a time when the yield curve is at its highest - their margin is the greatest. Net result, credit demand will disappear. Cash is king and rates are about to get very cheap. A perfect time to be aggressive and lock in lowball rates. Your best dream scenario - could well be a GTC homerun. BWDIK Bob

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