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To: Ken98 who wrote (25035)9/7/1999 4:29:00 PM
From: Les H  Respond to of 99985
 
Thanks for the link. But I've had to go to the stockhouse.com to access their daily writeups since I'm not able to access their site (i.e., no DNS entry). The earlier writeup on the PLA (People's Liberation Army) of China is relevant to that article.

There was also the latest on the South American economies:

Ecuador unemployment now at 18.8%

biz.yahoo.com

In addition to Ecuador, Colombia's economy shrank over 6% last quarter and Venezuela was down over 9%.



To: Ken98 who wrote (25035)9/7/1999 5:08:00 PM
From: Benkea  Read Replies (3) | Respond to of 99985
 
Yes, but what Mr. Fed o the day forgets to mention is that the capital put up by the bond investor will disolve in his hands as A) inflation takes hold, and B) the bond price FALLS and yields rise. But then again, maybe there are a few idiots buying 6% bonds to hold until duration. With REAL inflation closer to 4%, I wouldn't dare take a 2% spread via the purchase of bonds at what "I" think will prove to be a bond top (actually 4.75% was).