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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (73160)	1/10/2000 1:58:00 PM
From: valueminded	Read Replies (3) \| Respond to of 132070

Mike: As far as the expansion of money, the fed continues to do what it does best. <Fed says overnight system repos totaled $750 million - Reuters Securities - 10:12 am> So much for removing "special y2k liquidity" by our FED. My guess is bonds wont be liking this much. Prediction: Look for: 1. More reserve expansion as the FED targets money growth at rates exceeding inflation+economic growth. 2. Long bond at 8% by midyear. 10% by year end 3. Inflation to hit 6% this year. Only thing that would temper this would be a 30% downmove in the djx, spx and ndx. Something I just dont see happening this year