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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (42729)1/8/1999 8:08:00 PM
From: valueminded  Read Replies (1) of 132070
 
Mike
Actually, I think the long bond is in the process of crashing. It is only a matter of time that you can whip up double digit increases in the money supply backed by low single digits in growth before the long bond holders figure out which end of the stick they are holding. What amazes me is that this has been going on as long as it has.
It will get interesting, especially as long term interest rates accelerate their ascent this year (imo)
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