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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (37289)	1/12/2000 1:29:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

Jeffrey yes, but draining very timidly, like the Fed here. in other words, they take less out then they put in. the highly leveraged speculating outfits obviously have the CB's right where they want them. it's either the easy money keeps on flowing, or there will be defaults that may be too big for the system to withstand unscathed. the pyramid of debt and derivatives that has been built up over the past few years has created a highly unstable and dangerous situation. WS can show AG the finger, and there's nothing he can do about it (not that he'd want to, anyway).