Hi Nemer,..Re:<< what will be the effect, for the remainder of the year, on the bond, of the fewer auctions>>
All other things being equal, i.e. $ stays around 100.00, decreased supply and continuing retail demand helps keep tyx in the 6.1 - 5.7% range. Otherwise we might just head on up to 6.4% since we don't seem to be slowing down much!
chart1.bigcharts.com:80/report?r=chart&onbad=badsymbol&country=us&time=7&freq=1&compidx=aaaaa%3A0&ma=4&maval=9&uf=7168&lf=1&type=2&style=3&size=2&symb=TYX&comp=&sid=11421&sec=x&xyz=11608984&s=7752
Everybody (economists and analysts) keeps talking about a slowdown but forget that consumer contributes about 2/3 to GDP so they're looking for 2% growth and consumer is buying and buying. Trucks, clothes, furniture, spending great guns. Alan in a tough spot, can't ease because of strength, can't raise because of Hong Kong & China & Japan. Wages good here, sentiment good, looks like spending to remain good. I'm trying to do my part. <ggg>
Regards,
Lee |
